Nifty outlook and key trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has given a good bounce getting the daily trend up while weekly still continues to be down. Volatility index too has retraced where further correction for now seems unlikely. The support for the week is seen at 10080 while resistance is seen at 10460.
BUY INDIA CEMENTS
CMP: Rs 174.40
TARGET: Rs 192
STOP LOSS: Rs 164
The stock has made a triple bottom formation in the daily chart and has bounced back
NIFTY VIEW:
Nifty has given a good bounce getting the daily trend up while weekly still continues to be down. Volatility index too has retraced where further correction for now seems unlikely. The support for the week is seen at 10080 while resistance is seen at 10460.
BUY INDIA CEMENTS
CMP: Rs 174.40
TARGET: Rs 192
STOP LOSS: Rs 164
The stock has made a triple bottom formation in the daily chart and has bounced back

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