 "Markets, Buy, Sell, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
It was a decent recovery by Nifty and BankNifty after the formation of the higher bottom pattern and as of now Nifty is feeling the resistance at around 10750 levels as also the BankNifty at around 27000 levels. With midcaps already continuing with the selling pressure, the chances of Nifty witnessing some downward slide cannot be ruled out. However, the support for the week is seen at 10520 while resistance is seen at 10870.
BUY MARUTI UDYOG
CMP: Rs 8,808.85
TARGET: Rs 9,400
STOP LOSS: Rs
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