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Nifty outlook and few trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.

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Vaishali Parekh
NIFTY VIEW
Nifty has its daily trend turned up after 5 days while weekly trend continues to be down. The monthly trend would very likely turn down below 10795. The bias hence remains sideways for this week having a range of 10320 & resistance of 10640. Tech sector continues to be in positive along with few Pharma stocks and consumer goods like Britannia.

BUY  ASHOK LEYLAND

CMP: Rs 134.40

TARGET: Rs 146

STOP
LOSS: Rs 128

The stock has made a higher bottom formation pattern in the daily chart taking support at around 130 levels and is poised for an upward move with positive

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First Published: Feb 26 2018 | 8:19 AM IST

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