 "markets, stocks, sensex, nifty, bse, nse")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty confirms a lower top formation indicating a downward move unless it decisively moves past 10,330 levels for next round of rally. For now the slide can approach 10,090 levels. The support for the day is seen at 10,140 while resistance is seen at 10,250. Volatility index continues to rise.
BUY AMBUJA CEMENTS
CMP: Rs 264.10
TARGET: Rs 286
STOP LOSS: Rs 255
The stock has more or less made a lower bottom formation
NIFTY VIEW:
Nifty confirms a lower top formation indicating a downward move unless it decisively moves past 10,330 levels for next round of rally. For now the slide can approach 10,090 levels. The support for the day is seen at 10,140 while resistance is seen at 10,250. Volatility index continues to rise.
BUY AMBUJA CEMENTS
CMP: Rs 264.10
TARGET: Rs 286
STOP LOSS: Rs 255
The stock has more or less made a lower bottom formation
