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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
NIFTY VIEW
Nifty as said earlier is near the peak level of 10850 levels and we anticipate choppiness and high volatility as the results would be released in the morning session. We maintain our levels of 10550 as a good support for Nifty on the downside while 10850-10900 would be a strong resistance. However, the support for the day is seen at 10740 while resistance is seen at 10860. All eyes would be awaiting for the Karnataka election results.
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