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Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

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Photo: Shutterstock.com

Vaishali Parekh
NIFTY VIEW
Nifty touched 10,600 levels but wiped off the gains and with no change in RBI policy there was no recovery witnessed. As of now the level of 10,700 would act as a major support while 10,250 would be the major base for Nifty. A decisive breach on either side would bring in fresh movements with new levels. However, the support for the day is seen at 10,420 while resistance is seen at 10,530.


BUY  HPCL
CMP: Rs 396.3
TARGET: Rs 435
STOP LOSS: Rs 375


The stock has made a good base at 365 levels and has bottomed

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