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Nifty view and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View:
The view remains corrective, though on intraday basis we may keep seeing some pull back rally. Only a decisive move in Nifty past 9,850-9,930 levels would change the scenario. The MACD & RSI indicators in the daily chart still indicate a downward bias, however, the support for the day is seen at 9,720 while resistance is seen at 9,810.
APOLLO HOSPITALS - BUY
CMP: Rs 1,098.50
TARGET: Rs 1,200
STOP LOSS: Rs 1040
The stock
Nifty View:
The view remains corrective, though on intraday basis we may keep seeing some pull back rally. Only a decisive move in Nifty past 9,850-9,930 levels would change the scenario. The MACD & RSI indicators in the daily chart still indicate a downward bias, however, the support for the day is seen at 9,720 while resistance is seen at 9,810.
APOLLO HOSPITALS - BUY
CMP: Rs 1,098.50
TARGET: Rs 1,200
STOP LOSS: Rs 1040
The stock
