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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty took support and made a revival from the levels of 10700 while Bank Nifty also made a decent recovery to end the 5 day slide to improve the sentiment a little bit. We anticipate volatility in the Bank Nifty index on account of the weekly expiry of Options segment. However, the support for the day is seen at 10710 while the resistance would be seen at 10820 levels.
BUY RELIANCE
CMP: Rs 1,019.25
TARGET: Rs 1,080
STOP LOSS: Rs 990
The stock has
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