 "Stock markets, Indian stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Technically, Nifty and Bank Nifty have indicated a formation of a lower top in the daily chart and with the sentiment and bias looking weak, the indices have still further downside scope in the coming days. The previous lows would act as the major support zone for the indices as of now. However, the support for the day is seen at 36050/10900 while the resistance is seen at 36600/11050 levels. BankNifty would have a range of 24750-25320.
BUY BATA
CMP: Rs 983.55
TARGET: Rs 1,075
STOP LOSS:
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