Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty & Bank Nifty has got their daily trend turned down bringing in some corrective move. The volatility index too is on rise which would only bring in more choppiness. Pharma sector to an extent has been supporting the market while other sectors continue to be sluggish. The support for the day is seen at 35570/10680 while resistance is seen at 36130/10800. Bank Nifty would have a range of 26940-27520. The market would continue to witness stock specific move.
BUY YES BANK
CMP: Rs 195.35