 "markets, stocks, sensex, nifty, bse, nse")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Market has been corrective from 10,178 levels which is around 5% , we may see some bounce from here, but checking the daily charts the ADX is likely to rise with MDI crossover PDI indicating a break of 9,700 would accelerate the fall to lower levels. To think otherwise we will have to wait for indicators to show signs of reversal. The support for the day is seen at 9,720 while resistance for the day is seen at 9,810.
NIFTY VIEW:
Market has been corrective from 10,178 levels which is around 5% , we may see some bounce from here, but checking the daily charts the ADX is likely to rise with MDI crossover PDI indicating a break of 9,700 would accelerate the fall to lower levels. To think otherwise we will have to wait for indicators to show signs of reversal. The support for the day is seen at 9,720 while resistance for the day is seen at 9,810.
