 "Markets, Buy, Sell, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
Nifty has rallied one way with resistance at 10850, a Doji or a bar with selling tendency implies fatigue at higher levels and maybe some corrective move in the offing. The support for the day is seen at 10740 while resistance is seen at 10860. FMCG sector continues to show strength and would work well as a defensive sector.
BUY JSW ENERGY
CMP: Rs 70.40
TARGET: Rs 79
STOP LOSS: Rs 67
The stock has witnessed a decent erosion from the peak of 86 to bottom out at
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