 "Markets, Buy, Sell, Stocks, Shares")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Indices continue to make lower top formation and also with the weekly trend turned down in Nifty, Sensex and Bank Nifty, the bias remains corrective. The support for the day is seen at 37400/11300 while resistance is seen at 37900/11440. Bank Nifty would have a range of 26600-27000. IT and Metals show strength while FMCG shows corrective bias. Pharma sector though positive has witnessed some profit booking.
BUY NCC
CMP: Rs 91.60
TARGET: Rs 103
STOP LOSS: Rs 86
The stock has witnessed a small correction and has
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