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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has once again made a top at 10630 as mentioned earlier and as of now, we anticipate it to move in a range-bound zone of 10650 and 10270. Banking stocks seem to be under pressure for the domestic issues and may witness some more downside in the coming days. The support for the day is seen at 10430 while resistance is seen at 10550.
BUY MOTHERSON SUMI
CMP: Rs 330
TARGET: Rs 360
STOP
NIFTY VIEW
Nifty has once again made a top at 10630 as mentioned earlier and as of now, we anticipate it to move in a range-bound zone of 10650 and 10270. Banking stocks seem to be under pressure for the domestic issues and may witness some more downside in the coming days. The support for the day is seen at 10430 while resistance is seen at 10550.
BUY MOTHERSON SUMI
CMP: Rs 330
TARGET: Rs 360
STOP
