Intraday support for Nifty seen at seen at 10,070: Prabhudas Lilladher

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

Nifty View:

The daily trend turns down in Nifty which implies resistance at 10,150 levels for now and a decisive break of 10050 would bring Nifty down to 9,950 levels. The support for the day is seen at 10,070 while resistance is seen at 10,160.

  

BUY BIOCON   

CMP: Rs 364.15           

TARGET: Rs 395          

STOP LOSS: Rs 348

The stock has picked up well after the brief correction which was followed by a short consolidation period and now has produced a bullish candle