Nifty may break below 9,685 ahead of F&O expiry: Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW

Nifty succumbed to selling pressure after touching 9,900 and North Korean missile testing further triggered the intensity of the fall. The level of 9,685 on the downside is at risk and a breach of that level can be anticipated before the F&O expiry. However, the support for the day is seen at 9,750 while resistance is seen at 9,840.

  

BUY RBL BANK      

CMP: Rs 531.55        

TARGET: Rs 565        

STOP LOSS: Rs 510

The stock after making a bottom at around