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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty as of now took support at around 10,550 levels and recovered to move past 10,700 levels but still the conviction has not been maintained for further upward movement until it moves past 10,750-10,770 levels decisively. Bank Nifty also showed some sort of resistance at around 26,450 levels and the chances of some profit booking cannot be ruled out in the coming days. However, the support for the week is seen at 10,520 while resistance is seen at 10,880.
BUY LARSEN & TOUBRO
CMP:
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