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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Market continues to move in a narrow range with the indices levels being maintained since last 9 days, with high volatility and selective heavy weights supporting the levels in rotation. The support for the day is seen at 10700 while resistance is seen at 10810. Cement stocks performed well and are likely to do so, now FMCG seems to be getting ready for new round of momentum with Dabur, ITC, etc look promising.
BUY HDFC LIFE
CMP: Rs 467.60
TARGET: Rs 504
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