Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Market has eventually got in new round of up move with a buoyant advance-decline ratio and all possibility of Nifty having its weekly trend turning up after 6 weeks if Nifty closes above 10,066. Once again there is participation from frontline from almost all sectors. The support for the day is seen at 10,050 while resistance is seen at 10,140.
ZEE ENTERTAINMENT ENTERPRISES – BUY
CMP: Rs 532.45
TARGET: Rs 560
STOP LOSS: Rs 518
NIFTY VIEW:
Market has eventually got in new round of up move with a buoyant advance-decline ratio and all possibility of Nifty having its weekly trend turning up after 6 weeks if Nifty closes above 10,066. Once again there is participation from frontline from almost all sectors. The support for the day is seen at 10,050 while resistance is seen at 10,140.
ZEE ENTERTAINMENT ENTERPRISES – BUY
CMP: Rs 532.45
TARGET: Rs 560
STOP LOSS: Rs 518