Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Indices continue to surge with selective frontline stocks, with Energy index surging by 7.5% w.o.w especially Reliance gaining over 10%, followed by IT Sector gaining by 3.7%, the Mid-cap sector continues to be a laggard with most of the stocks continuing to make new lows. The market as such is just witnessing index management with high volatility, However, the support for the day would be seen at 10820 while the resistance would be at 11200 levels.
BUY SUN PHARMA
CMP: Rs 559.75
CMP: Rs 559.75