Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW :
Nifty has given a breakout above the previous peak in the daily chart where it was witnessing a strong resistance on several occasions and has signified a positive bias with the RSI in daily and weekly chart showing strong trend. We maintain the ongoing positive momentum in Nifty unless and until it breaks the level of 10380 on the lower end. However, the support for the week is seen at 10380 while resistance is seen at 10760.
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