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Intraday resistance for Nifty seen at 10,200, says Prabhudas Lilladher

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

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

Nifty View:

With trend of all the periodicities being positive and Nifty closing at all time high levels; the bias is positive for the next projected target of 10,200-10,250. However, the support for the day is seen at 10,100 while resistance is seen at 10,200.

BUY GRANULES INDIA

CMP: Rs 134.55      
TARGET: Rs 148       
STOP LOSS: Rs 124

The stock after a consolidation phase for some time has given a strong spurt to give a decisive breakout above the 200-DMA and has