Business Standard

Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Nifty outlook and top trading ideas by Prabhudas Lilladher for today
Premium

Vaishali Parekh
NIFTY VIEW:
The daily trend in Nifty has been up since 8 days while in Bank Nifty it has been up since 17 days, market could witness wild swings ahead of Budget, also with indicators in overbought zone. The support for the day is seen at 11080 while resistance is seen at 11180. We maintain a cautious view with volatility being the market mood.

BUY  IGL
CMP: Rs 310.35
TARGET: Rs 345
STOP
LOSS: Rs 300

The stock has given a correction from the peak of Rs 345 to consolidate and bottom out at around Rs 304 levels and is now showing a positive

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2018 | 8:23 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com