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Market outlook and top trading ideas by Prabhudas Lilladher

Market outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

(Photo: Kamlesh Pednekar)
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(Photo: Kamlesh Pednekar)

Vaishali Parekh Mumbai
MARKET VIEW

Market has been consolidating at these levels with selective stocks moving in rotation bringing in narrow trading opportunities. Support for the day is seen at 39,475/11,850 for Sensex and Nifty, respectively while resistance is seen at 40,000/12,000. Nifty now with decisive break of 11,850 can bring in further correction to 11,750 which still would not be damage to the trend. Bank Nifty would have a range of 31,300-31,950. Midcap sector continues to show strength.

BUY HDFC LIFE   

CMP: Rs 424. 95       

TARGET: Rs 460       

STOP LOSS: Rs 400

The stock has made a decent correction from Rs

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First Published: May 29 2019 | 6:43 AM IST

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