Expect weekly support on Nifty at 9,820, says Prabhudas Lilladher

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

Nifty View: 

       

Nifty after a good bounce from its low of 9,700 levels has bounced by 300 points, however the weekly trend continues to be down, also weightage amongst the Nifty51 is still tilted more towards the negative by 81%. The support for the week is seen at 9,820 while resistance is seen at 10,100.

BUY AMARA RAJA BATTERIES       

CMP: Rs 800.75        

TARGET: Rs 865       

STOP LOSS: Rs 760

The stock has witnessed a correction and made a low of