 "Support for Nifty seen at 10,380, resistance at 10,490: Prabhudas Lilladher")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty once again failed to cross the 10,500 mark and has been oscillating for quite some time between the range of 10,400 and 10,530 levels. As of now, there is an important support at 10,370 levels which if broken can see further slide in the market. However, the support for the day is seen at 10,380 while resistance is seen at 10,490.
BUY NIIT
CMP: Rs 108.65
TARGET: Rs 120
STOP LOSS: Rs 101
NIFTY VIEW:
Nifty once again failed to cross the 10,500 mark and has been oscillating for quite some time between the range of 10,400 and 10,530 levels. As of now, there is an important support at 10,370 levels which if broken can see further slide in the market. However, the support for the day is seen at 10,380 while resistance is seen at 10,490.
BUY NIIT
CMP: Rs 108.65
TARGET: Rs 120
STOP LOSS: Rs 101
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