Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Indices continue to move in a single downward direction, now below 10,138 the previous support level, gives us next support of 9,950. The support for the day is seen at 33,400/10,050 while resistance is seen at 33,960/10,180. Bank Nifty would have a range of 24,520-25,080. Frontline banks like HDFC Bank & ICICI have started showing some profit booking restricting Bank Nifty to surge. The view still continues to be corrective & cautious.
BUY BATA INDIA
CMP: Rs 923.15
TARGET: Rs