 "Sebi, markets")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty made a record high but the sentiment was somewhat shaken with BankNifty witnessing heavy profit booking and failing to breach the previous peak of 28,363 levels. Nifty has indicated a “Hanging Man” pattern in the daily chart and the chances of a correction in the indices cannot be ruled out. However, the support for the day is seen at 38,100/11,520 while resistance is seen at 38,520/11,630. Bank Nifty would have a range of 27,770-28,220.
BUY GODREJ INDUSTRIES
CMP: Rs 624.70
TARGET:
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