Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Post RBI policy outcome, both Nifty and Bank Nifty rallied but market still does not confirm a clear trend unless it witnesses a clear breakout at its either levels. Nifty has got a resistance at around 10830-10850 levels while Bank Nifty would have a barrier at around 27000-27050 levels. However, the support for the day is seen at 10700 while the resistance would be at 10830 levels.
BUY JINDAL STEEL & POWER
CMP: Rs 244.55
TARGET: Rs 265
STOP LOSS: Rs 232
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