Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty truly in a yo-yo now once again in positive territory with its daily trend turning up, also out-performing Bank Nifty. Nifty with a close above 10850 has indicated a breakout above the previous trendline resistance and now builds the potential of an up move towards the 10930 levels. However, the support for the day is seen at 36030/10820 while the resistance is seen at 36600/10950 levels. BankNifty would have a range of 27100-27700.
BUY KPIT TECH
CMP: Rs 211.85
TARGET: Rs