Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty is finding it difficult to sustain at these levels now with Tech giving in to selling along with Auto too not supporting, the only sector which is marginally on positive is the Metal sector. The support for the day is seen at 10,800 while resistance is seen at 10,930.
BUY IOC
CMP: Rs 157.50
TARGET: Rs 170
STOP LOSS: Rs 145
The stock has been in consolidation for quite some time at around 150 levels and currently has indicated a bullish candle pattern in the daily chart