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Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher:
NIFTY VIEW
The trend of all periodicities are up with Nifty comfortably surging high above 200DMA, the supporting indicators are also showing the scope of further up move now with the Pharma sector too showing signs of reversal. The mid-cap sector has been consolidating, it is about time we see some participation from the same. The support for the week is seen at 35640/10680 & resistance is seen at 36730/11050. Bank Nifty would have a range of 26240-27400. Pharma should do well in coming
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