Support for Nifty seen at 10,740, resistance at 10,850: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW

Market continues to be in a lull with hardly any momentum seen with Nifty continuing to be in a narrow range. Metal index has got in new round of correction along with IT & Banks except ICICI showing corrective move. The support for the day is seen at 10,740 while resistance is seen at 10,850. The stocks with positive bias are OMCs, RIL and Maruti Suzuki.

BUY MAHINDRA CIE AUTO    

CMP: Rs 260.10     

TARGET: Rs 285    

STOP LOSS: Rs 247

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