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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
NIFTY VIEW
Nifty has its daily trend down since 6 days & weekly down since 8 weeks, also RSI on daily chart in Nifty is getting in an oversold zone with Nifty nearing it’s crucial support of 9,800-9,700 levels, whereby it can be quite likely Nifty nearly bottoming out for a bounce back. Support for the week is seen at 9,750 while resistance is seen at 10,220. All sectors but for IT are once again in RED.
BUY BHUSHAN STEEL
CMP :
CMP :
