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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has its trend of all periodicities down, however for now 10,550 holds to be a crucial support level & a decisive move past 10,730-10,750 would make way for higher targets. The support for the day is seen at 10,600 while resistance is seen at 10,710. Paint stocks and energy sector should do well in days to come. With the onset of result earnings, we anticipate stock specific momentum.
BUY SBI
CMP: Rs 258.85
TARGET: Rs 282
STOP LOSS: Rs 250
The stock has
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