Nifty outlook and key trading ideas by Prabhudas Lilladher

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

NIFTY VIEW:

The monthly trend in indices has turned up. Technically, Nifty has a strong resistance at 10,500, so it would be yet again a wait and watch scenario till Nifty moves past 10,500 decisively for higher targets. The support for the day is seen at 10,280 while resistance is seen at 10,380.

BUY AMARA RAJA BATTERIES    

CMP: Rs 699.60      

TARGET: Rs 770     

STOP LOSS: Rs 670

The stock has witnessed a great correction right from the peak of Rs 940 to bottom out at around Rs 683,