 "Support for Nifty seen at 10,650, resistance at 10,760: Prabhudas Lilladher")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Market is gradually picking up momentum however Nifty still needs to cross the hurdle of 10,700-10,730 on closing basis. Pharma sector seems to be getting ready for new round of momentum along with Auto now showing hopes of revival. Maruti, Bajaj Auto, etc. look positive from here on. The support for the day is seen at 10,650 while resistance is seen at 10,760. Mid cap sector too, is ready for a bounce.
BUY ASHOK LEYLAND
CMP: Rs 129.50
TARGET: Rs 144
STOP LOSS:
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