Markets check: Buy Jain Irrigation, Shriram City Union and Bata India

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

NIFTY VIEW:

Nifty sustained above 9,980 & rising RSI on daily chart suggests in all likelihood, the index would re-test 10,100-10,170. The support for the week is seen at 9,840 while resistance is seen at 10,030.

               

BUY JAIN IRRIGATION          

CMP: Rs 99.65      

TARGET: Rs 109     

STOP LOSS: Rs 92.50

The stock has corrected from 109 to bottom out at Rs 93 and has made a strong revival from thereon to give a breakout above the 200-DMA