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Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Nifty and Bank Nifty have got its daily trend up with now Nifty closing at 200DMA. For this trend to sustain, Nifty needs to comfortably move past 10750-10780 levels for projected target of 11000. The support for the day is seen at 35500/10670 while resistance is seen at 36050/10800. Bank Nifty would have a range of 26350-26950. Axis Bank, IndusInd Bank along with SBI look positive for days to come.
BUY AXIS BANK
CMP: Rs 619.95
TARGET: Rs 680
STOP LOSS: Rs 580
The stock has made
