 "Nifty outlook and top trading ideas by Prabhudas Lilladher for today")
NIFTY VIEW:
Indices continue to make new high, however also the Volatility index is on rise with RSI on daily & weekly chart in overbought zone which surely calls for a word of caution. The support for the day is seen at 10900 while the resistance would be at 11020 levels.
BUY CG POWER
CMP: Rs 96.40
TARGET: Rs 106
STOPLOSS: Rs 90
The stock has been in an uptrend for the past 3-4 weeks and now has indicated more or less a higher bottom formation pattern in the daily chart to signify potential and strength to carry on the momentum still
