Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has crossed the hurdle of 10,650 levels decisively which gives a further upward potential target of 10,750-10,800 levels, however a one way move of around 270 points, we can see some profit booking to consolidation with volatility as we are approaching the expiry day. The support for the day is seen at 10,640 levels while the resistance would be at 10,740 levels.
BUY BAJAJ AUTO
CMP: Rs 2,790.15
TARGET: Rs 3,050
STOP LOSS: Rs 2,690
The stock has made a