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Support for Nifty seen at 10,720, resistance at 10,850: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

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Vaishali Parekh Mumbai
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW

Nifty as said earlier has shown resistance at around 10,850 levels and as of now, we can anticipate some volatility and consolidation with 10,550 as the strong support level. Bank Nifty has underperformed as compared to Nifty in the past one week and has been hovering between 26,100 and 26,700 levels. However, the support for the day is seen at 10,720 while the resistance would be at 10,850 levels.

BUY CYIENT   
CMP: Rs 743.25     
TARGET: Rs 830    
STOP LOSS: Rs 690

The stock has

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