Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
Nifty once again maintained the positive bias despite some hiccups midway to recover strongly now to near the 10600 mark. Technically, once again as said earlier, Nifty may find a resistance at 10560 levels and if breached, the next hurdle would be around 10630 and both these levels would be crucial in deciding the further movement on either side. However, the support for the day is seen at 10490 while the resistance would be at 10600 levels.
BUY BF UTILITIES
CMP: Rs 420.70
TARGET: Rs