 "Technology, stock markets")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
Nifty and Bank Nifty have their trend of all periodicity up with Nifty sustaining well above the 200-day moving average (DMA), however, it needs to cross the hurdle of 10,950 levels to surge higher. Support for the day is seen at 35,875/10,810 while resistance is seen at 36,260/10,925. Bank Nifty would have a range of 26,950-27,370 levels. Metal sector has got in to momentum along with pharma, however, we still need to watch for a few more days for confirmation and consistency.
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