 "Nifty outlook and few trading ideas by Prabhudas Lilladher")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has its daily trend in positive while weekly & monthly trend are down which implies inherent weakness in the market. Auto sector for now has been an outperformer while metal stocks have started showing signs of exhaustion. The support for the week is seen at 10260 while resistance is seen at 10620. The view remains corrective.
BUY BAJAJ FINANCE
CMP: Rs 1,659.35
TARGET: Rs 1780
STOP LOSS: Rs
NIFTY VIEW
Nifty has its daily trend in positive while weekly & monthly trend are down which implies inherent weakness in the market. Auto sector for now has been an outperformer while metal stocks have started showing signs of exhaustion. The support for the week is seen at 10260 while resistance is seen at 10620. The view remains corrective.
BUY BAJAJ FINANCE
CMP: Rs 1,659.35
TARGET: Rs 1780
STOP LOSS: Rs
