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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has witnessed resistance at 10,550, now with profit booking seen, Nifty needs to hold 10,400 levels decisively, failing which we would see a further drag coming in indices. The support for the day is seen at 10,375 while resistance is seen at 10,480. We maintain a stock specific view with corrective bias.
BUY ITC
CMP: Rs 262.30
TARGET: Rs 284
STOP LOSS: Rs 252
The stock has been in consolidation phase for quite some time and has been maintaining above the significant
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