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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty continues with its up move with its daily trend up since 6 days. Sectors in rotation continue to contribute to the indices. The auto sector has now got into a new round of momentum along with other sectors. Maruti, Hero MotoCo, etc. look favorable at this level for higher targets. The support for the day is seen at 11,260 while resistance is seen at 11,370.
BUY COLGATE PALMOLIVE
CMP: Rs 1,123.05
TARGET: Rs 1,230
STOP LOSS: Rs 1,080
The stock has given
