Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
NIFTY VIEW
The week gives a positive start with Nifty touching 10900 levels, with participation coming from all across the sectors. The support for the day is seen at 35980/10800 while resistance is seen at 36540/10950. Bank Nifty would have a range of 26700-27300, Indus Ind Bank and Bharat Fin look positive along with metal stocks and RIL. Nifty may see some resistance at 10950, a move past we can expect a target of 11150.
BUY UNITED BREWERIES
CMP: Rs 1303.10
TARGET: Rs 1440