Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Markets face intense selling with Sensex losing by 450 points while Nifty tumbling by a huge 135 points and close below the 10,250 mark on the expiry day of F&O segment. The support for the day is seen at 10,170 while resistance is seen at 10,270.
BUY JINDAL STEEL
CMP: Rs 171.80
TARGET: Rs 187
STOP LOSS: Rs 164
The stock has been in an upward trending mode and currently has been consolidating for quite some time at around 170-175 levels and even in the