Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty recovered strongly from the low of 10821 but still the sentiment and bias remains cautious. The levels around 10820 - 10840 remains the support zone for Nifty while BankNifty shall have the support near around 24680-24700 levels. However, the support for the day would be seen at 36280/10940 while the resistance would be at 36750/11070 levels.BankNifty would have the range of 25100-25620 levels.
BUY ICICI BANK
CMP: Rs 314
TARGET: Rs 330-335
STOP LOSS: Rs 299
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