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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View:
Nifty started on a weak note much to our reading for a corrective move to start. A close below 9,800 opens the downside target of 9,700-9,650. The support for the day is seen at 9,700 while resistance is seen at 9,800.
BUY DHFL
CMP: Rs 448.75
TARGET: Rs 480
STOP LOSS: Rs 430
The stock has made a steep correction from Rs 461 to bottom out at around Rs 391 and now has made
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