 "Markets, Up, Down, BSE, NSE, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty continues to consolidate since the past 3 days with a close nearly at the same level. The support for the day lies at 37,440/11,320 while resistance is seen at 37,830/11,440. Bank Nifty would have a range of 27,620-28,100. Among the Auto sector, Maruti and M&M look promising from these levels. HDFC twins along with Kotak Bank should do well to contribute to Bank Nifty. The mid-cap sector witnessed some profit booking, but overall a positive view is maintained.
BUY RECL
CMP: Rs 117.70
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