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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View:
Nifty, after several failed attempts, is taking great difficulty to cross the peak level of 10,137 and is moving in a narrow range coupled with the geopolitical tensions prevailing. The weekly trend has turned up after five weeks and technically, there is no negative signal to create any chaos. However, the support for the week is seen at 9,940 while resistance is seen at 10,200.
BUY ALLAHABAD BANK
CMP: Rs 72.50
TARGET: Rs 79
STOP LOSS: Rs 68
The stock
