Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has given a breakout, as said earlier and is heading towards the significant level of 11,000 and the sentiment along with the bias has been maintained positive. Bank Nifty, too has reached near the 27,000 landmark which when breached would bring about a fresh breakout and we may see further fresh development. However, the support for the day is seen at 10,880 while the resistance would be at 11,020 levels.
BUY EXIDE INDS
CMP: Rs 273.05
TARGET: Rs 300
STOP LOSS: Rs 260
CMP: Rs 273.05
TARGET: Rs 300
STOP LOSS: Rs 260
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