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Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty has its 3rd consecutive day of winning streak, now sustaining well above the 200DMA. Bank Nifty too though positive but well within the range. Support for the day is seen at 35750/10750 while resistance is seen at 36130/10840. Bank Nifty would have a range of 26600-27050. Kotak Bank continues to look positive. Some movement was seen is Pharma, though we need to witness consistency in this sector.
BUY BEL
CMP: Rs 84.40
TARGET: Rs 98
STOP LOSS: Rs 75
The stock
