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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has maintained above the 200DMA level for the second day and has maintained the positive bias. As said earlier, a bounce back to 10300-10330 levels cannot be ruled out and as of now 9950 for Nifty would act as the major support. The support for the day is seen at 10190 while resistance is seen at 10300. Auto stocks have indicated signs of improvement and we anticipate a further rise from here on.
BUY JINDAL STEEL &
NIFTY VIEW
Nifty has maintained above the 200DMA level for the second day and has maintained the positive bias. As said earlier, a bounce back to 10300-10330 levels cannot be ruled out and as of now 9950 for Nifty would act as the major support. The support for the day is seen at 10190 while resistance is seen at 10300. Auto stocks have indicated signs of improvement and we anticipate a further rise from here on.
BUY JINDAL STEEL &
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