Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has made a double top formation in the daily chart at 10,490 and as said earlier, a decisive move past 10,550-10,580 would only decide the next fresh upward move. However, the support for the day is seen at 10,380 while the resistance would be at levels 10,500.
BUY BATA India
CMP: Rs 750.60
TARGET: Rs 820
STOP LOSS: Rs 715
The stock has witnessed a short correction from the peak of 832 to make a low at 704 and has