 "Stock market")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty and Bank Nifty are at the highly overbought zone with a negative divergence in the daily chart. The Nifty rally has almost touched 1000 points from the low made at 10557 levels and we maintain the positive bias however, with caution. The support for the day is seen at 11400 while resistance is seen at 11520.
BUY VEDANTA
CMP: Rs 230.60
TARGET: Rs 255
STOP LOSS: Rs 217
The stock has been in consolidation for
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