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

NIFTY VIEW

The bounce back rally seems to be capped at crucial resistance level of 10630 which is also where the 50DMA lies. Market would now witness a range of 10300-10650 levels for the coming days and a decisive move past any of these levels would decide the further move. The support for the day is seen at 10500 while resistance is seen at 10610.

BUY  NCC

CMP: Rs 130.35

TARGET: Rs 145

STOP LOSS: Rs 122

The stock has been in consolidation for quite some time moving in the range of 123 and 128 levels and now has given a breakout with