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Intraday resistance for Nifty seen at 10,140: Prabhudas Lilladher

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

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Vaishai Parekh Mumbai
NIFTY VIEW:

Nifty after a short pause raced towards the 10,100 mark clearing the pessimism that was hovering in the minds of the market players a day before and now is near to retest the peak level of 10,178 and chances of giving a breakout cannot be ruled out. However, the support for the day is seen at 10,050 while resistance is seen at 10,140.

BUY GULSHAN POLY   

CMP: Rs 85.85      
TARGET: Rs 98      
STOP LOSS: Rs 81

The stock after making a double bottom formation in the daily chart has given a breakout above the previous