Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has its daily & weekly trend turned up, however, needs to cross now the crucial hurdle of 10,830-10,850. Bank Nifty continues with its weekly trend down. The support for the week is seen at 10,580 while resistance is seen at 10,900. Auto sector and FMCG continue to be in positive while other sectors, for now, show exhaustion.
BUY CENTURY TEXTILES
CMP: Rs 918.85
TARGET:Rs 1,000
STOP LOSS: Rs 870
CMP: Rs 918.85
TARGET:Rs 1,000
STOP LOSS: Rs 870
The stock has witnessed a decent correction from the peak of 1265 to show signs of