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
 

Nifty tanked during the last session and indicating some support at the 10,324 levels and we maintain that the level of 10,280 would be crucial which if broken can test the 10,120 mark in the coming days which is also where the 200 DMA lies. The support for the day is seen at 10,300 while the resistance is seen at 10,400. With some pullback recovery anticipated, we advise to maintain a cautious view.

BUY  BAJAJ ELECTRICALS  
CMP: Rs 546.55