Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty witnessed resistance at the previous day’s high of 10280 levels and eroded some of its gains and we anticipate a consolidation phase having an upside target of around 10400-10430 levels while 10000 would remain the support base as of now. However, the support for the day is seen at 33630/10130 while resistance is seen at 34150/10260. Bank Nifty would have a range of 24530-25070. As of now, Bank Nifty has maintained a good base at around 24250 levels.
BUY GRASIM INDUSTRIES
CMP: Rs