 "Bonds, Stock markets, Shares, Trading")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty continued to slide from the peak made near 10775 levels whereas BankNifty also has indicated weakness to close just below the 200DMA which lies at 26010 level and has turned down the daily trend. The support for the week is seen at 34360/10320 while resistance is seen at 35500/10700. Bank Nifty would have a range of 25350-26540. The bias has turned somewhat cautious and the chances of some downward movement in the coming days cannot be ruled out.
BUY RAYMOND
CMP: Rs 814.85
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