 "Photo: Shutterstock.com")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
In the last one month Nifty has witnessed a decent correction to the tune of 9.3% from the peak of 11171 and now it has almost touched 10140 which is the level where the significant 200 DMA lies. A decisive breach of this level on the downside would imply 10000 as the next major landmark below which we anticipate panic selling and Nifty can slide down to 9700 levels. However, the support for the day is seen at 10080
NIFTY VIEW
In the last one month Nifty has witnessed a decent correction to the tune of 9.3% from the peak of 11171 and now it has almost touched 10140 which is the level where the significant 200 DMA lies. A decisive breach of this level on the downside would imply 10000 as the next major landmark below which we anticipate panic selling and Nifty can slide down to 9700 levels. However, the support for the day is seen at 10080
