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Stock ideas for today: ICICI Bank, Jindal Steel and Power

Nifty outlook and trading ideas from Vaishali Parekh, technical analyst at Prabhudas Lilladher

Stock ideas for today: ICICI Bank, Jindal Steel and Power
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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty closing above the crucial resistance of 11078 has brought in further conviction of its continuing to surge higher supported by the RSI at 65. Mid-cap sector, too, has begun showing signs of revival. However, we still need to wait for the sector to breach the consolidation level. The support for the day is seen at 11,020 while resistance is seen at 11,140 for the Nifty. The Metal stocks have shown some revival and the up move can continue.

BUY ICICI BANK   CMP : 275.55     TARGET : 299    STOP LOSS : 260

The stock has been maintaining a good

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