Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Market has once again seen some exhaustion at higher levels breaking the immediate support of 10260 levels implying some more corrective move likely to occur. The support for the day is seen at 10180 while resistance is seen at 10280. All eyes are now on FOMC outcome and the big Gujarat election outcome next week. Market is going to witness high volatility with cautious move; the volatility index too has been on rise.
BUY ABAN OFFSHORE
CMP:
NIFTY VIEW:
Market has once again seen some exhaustion at higher levels breaking the immediate support of 10260 levels implying some more corrective move likely to occur. The support for the day is seen at 10180 while resistance is seen at 10280. All eyes are now on FOMC outcome and the big Gujarat election outcome next week. Market is going to witness high volatility with cautious move; the volatility index too has been on rise.
BUY ABAN OFFSHORE
CMP: