 "Markets, Buy, Sell, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has made a good recovery from the bottom made at 10000 levels to bounce and rise up to almost 10400 levels, however, the upward movement conviction can be maintained only a close above 10500-10550 levels and as for Bank Nifty, a breach of the level of 25900 would be crucial for further development. However, the support for the day is seen at 34150/10300 while resistance is seen at 34720/10450. Bank Nifty would have a range of 24850-25430.
BUY ESCORTS
CMP: Rs 627
TARGET: Rs 720
STOP
