Nifty outlook and top trading ideas from Prabhudas Lilladher for today
Stock Market - Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: NIFTY VIEW Nifty as of now took support at around 10,550 levels and recovered to move past 10,700 levels but still the conviction has not been maintained for further upward movement until it moves past 10,750-10,770 levels decisively. BUY LARSEN & TOUBRO CMP: Rs 1,275.10 TARGET: Rs 1,360 STOP LOSS: Rs 1,225 The stock has witnessed a decent correction from the peak of 1,424 to bottom out at around 1210 levels and has produced a positive bullish candle pattern in the daily chart to signify strength and potential to rise further in the coming days. BUY JET AIRWAYS CMP: Rs 346.90 TARGET: Rs 420 STOP LOSS: Rs 320