Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Market was trading almost flat throughout the session and the last final hour saw some profit booking to see the indices Nifty and Sensex to close in the mild red erasing the early gains. The support for the day is seen at 10,380 while resistance is seen at 10,500.
LIC HOUSING FINANCE – BUY
CMP: Rs 569.50
STOP LOSS: Rs 540
TARGET: Rs 600
The stock has made a good correction from around 675 price
NIFTY VIEW
Market was trading almost flat throughout the session and the last final hour saw some profit booking to see the indices Nifty and Sensex to close in the mild red erasing the early gains. The support for the day is seen at 10,380 while resistance is seen at 10,500.
LIC HOUSING FINANCE – BUY
CMP: Rs 569.50
STOP LOSS: Rs 540
TARGET: Rs 600
The stock has made a good correction from around 675 price