Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
NIFTY VIEW
Market yet again in a narrow range with hardly any definite move as far as Nifty is concerned but with a positive bias though with several attempts it has been unable to cross the 10930 hurdle. The support for the day is seen at 36080/10840 while resistance is seen at 36660/10960. Bank Nifty would have a range of 27230-27830. Kotak Bank looks promising from hereon.
BUY HERO MOTOCO
CMP: Rs 2,903.60
TARGET: Rs 3,150
STOP LOSS: Rs 2,840
CMP: Rs 2,903.60
TARGET: Rs 3,150
STOP LOSS: Rs 2,840
The stock has