Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
NIFTY VIEW:
Nifty has nearly marched towards our projected target of 10,500 with a high made at 10,451; the support for the day is seen at 10,390 while resistance is seen at 10,480. Bank Nifty would have a range of 25,270-25,680.
BUY LAKSHMI VILAS BANK
CMP: Rs 156.05
TARGET: Rs 170
STOP LOSS: Rs 145
The stock has recovered significantly after making the bottom at around 133 levels and now has produced a positive bullish candle
NIFTY VIEW:
Nifty has nearly marched towards our projected target of 10,500 with a high made at 10,451; the support for the day is seen at 10,390 while resistance is seen at 10,480. Bank Nifty would have a range of 25,270-25,680.
BUY LAKSHMI VILAS BANK
CMP: Rs 156.05
TARGET: Rs 170
STOP LOSS: Rs 145
The stock has recovered significantly after making the bottom at around 133 levels and now has produced a positive bullish candle