 "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 lower top formation in the daily chart and is poised for some more downside movement in the coming days. The near term support is maintained at around 10550 levels which when breached may witness further fresh sell off to retest the 200DMA level which is at 10280 levels. However, the support for the week is seen at 10440 while resistance is seen at 10780.
BUY PRAKASH INDS
CMP: Rs 203.85
TARGET: Rs 230
STOP LOSS: Rs 190
The stock has made more or less
