 "Markets, Buy, Sell, Stocks, Shares")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
Nifty for the second day has ended on a negative note showing signs of exhaustion at the higher levels and also the weekly chart has indicated a lower top formation. The daily trend of Nifty has turned down after 4 days and chances of a downward slide till 10550 cannot be ruled out which is a major support as of now. The support for the day is seen at 10620 whereas the resistance would be at 10730.
BUY JINDAL STEEL
CMP: Rs 240.30
TARGET: Rs 270
STOP
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