Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
NIFTY VIEW
Market has witnessed a bounce back with daily trend continuing to be positive, with a close above 200DMA, a further up move to 10300 cannot be ruled out. The support for the day is seen at 10150 while resistance is seen at 10260. Pharma has now shown signs of bottoming out along with Auto stocks showing good upside potential.
BUY STERLITE TECH
CMP : Rs 327
TARGET : Rs 370
STOP LOSS : Rs
CMP : Rs 327
TARGET : Rs 370
STOP LOSS : Rs