Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty gets its daily trend turned down too, a support of 10740 would be very crucial also being the 200DMA level Sector wise IT stocks look positive for now while other sectors are showing resistance & witnessing profit booking. The support for the day is seen at 35630/10720 while resistance is seen at 36150/10850. Bank Nifty would have a range of 26250-26780. The market would be volatile ahead of all events to unfold.
BUY TECH MAHINDRA
CMP: Rs 726.85
TARGET: