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Intraday resistance for Nifty seen at 10,050, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

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Vaishali Parekh Mumbai
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Nifty View:

Nifty after a string of failed attempts finally crossed the barrier of 9,980 and closed above the 10,000, indicating a positive sentiment to bring in hopes for further upward movement in coming days. However, the support for the day is seen at 9,950 while resistance is seen at 10,050.

BUY PFC    

CMP: Rs 126.85       
TARGET: Rs 135        
STOP LOSS: Rs 119

The stock has maintained its support at around Rs 120 and consolidated many times at these