Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
NIFTY VIEW
Market continued to be volatile with Nifty holding on to the near term support of 10850 levels & getting back in to momentum to close above 10900. The support for the day is seen at 36160/10850 while resistance is seen at 36720/10980. Bank Nifty would have a range of 27200-27770. IT Index continues to show strength along with mid-cap IT Stocks, also Pharma sector, now from here on Metal stocks look attractive to accumulate.
BUY HERO MOTOCO
CMP: Rs 2,824.90