Support for Nifty is seen at 9800, resistance at 9900: Prabhudas Lilladher

Nifty view and few trading ideas by Vaishali Parekh of Prabhudas Lilladher

Nifty view and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
Nifty View:
 
The daily trend in Nifty has turned up after 3 days and as for now has taken support at 9,700 levels giving a bounce to close at 9,850. A move beyond 9,850 would take it further up to 9,880-9,900 levels, however, the support for the day is seen at 9,800 while resistance is seen at 9,900.
 
LIC HOUSING FINANCE – BUY
CMP: Rs 659.70      
TARGET: Rs 710       
STOP LOSS: Rs 625
 
The stock has