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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty is heading towards the resistance level of 10800 with the RSI on daily chart getting in overbought zone ahead of Fed meet. The support for the day is seen at 10680 while resistance is seen at 10790. Kotak & HDFC along with Yes and IndusInd are in their all time high. PSU Banks have started showing signs of a bounce back. We suggest to book profit at these levels to see the next move.
BUY JET AIRWAYS
NIFTY VIEW
Nifty is heading towards the resistance level of 10800 with the RSI on daily chart getting in overbought zone ahead of Fed meet. The support for the day is seen at 10680 while resistance is seen at 10790. Kotak & HDFC along with Yes and IndusInd are in their all time high. PSU Banks have started showing signs of a bounce back. We suggest to book profit at these levels to see the next move.
BUY JET AIRWAYS
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