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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View:
Nifty for quite some time has been hovering around the narrow range of 9970 and 9870 and finding it difficult to make a breakthrough on either side. Technically, the weekly trend continues to be down for the 5th week and so the level of 10100 continues to be the upper cap for Nifty as of now. However, the support for the week is seen at 9780 while resistance is seen at 10070.
BUY EXIDE INDUSTRIES
CMP: Rs 219.65
TARGET: Rs 236
STOP LOSS: Rs 208
The stock
