 "Markets, Buy, Sell, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Market though is overbought, yet Nifty is holding the support of 11,220 showing signs of a new round of momentum. Bank Nifty, too, has taken the support of 27,350 levels & back in momentum with Axis, ICICI, Kotak Bank, Yes Bank, etc, looks promising from here on. The support for the week is seen that 36940/11160 while resistance is seen at 37,980/11,500. Bank Nifty would have a range of 27,050-28,140. Focus on banking stocks.
BUY CUMMINS INDIA
CMP: Rs 703.30
TARGET: Rs 770
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