Intraday support on Nifty seen at 10,070, says Prabhudas Lilladher
STOCK MARKET Nifty outlook: Nifty is at the peak level and has been surging ahead day by day. However, market now awaits the RBI Policy announcement, which would trigger a good swing either
ways. For Nifty, the support for the day is seen at 10,070 while resistance is seen at 10,160. BUY PVR CMP: Rs 1375.10 TARGET: Rs 1510 STOP LOSS: Rs 1325 The stock has made a correction from the recent peak of Rs 1600 to fall till Rs 1320 and now has bottomed out at around the 200-DMA which is at Rs 1330. The stock has given a positive candle indicating positive bias and also the RSI has given a positive trend reversal signaling a buy with good decent volume participation. We recommend a buy in this stock for an upside target of Rs 1510 keeping a stop loss of Rs 1325.
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