Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
NIFTY VIEW
Nifty has got its daily and weekly trend turned up while Bank Nifty has underperformed and the weekly trend continues to be in negative. Post budget announcement, Nifty had its fifth failed attempt to make a new high. Market for now would continue with its range-bound movement. The support for the day is seen at 35,360/10,700, while resistance would be at 37,100/11,100. The weightage among the Nifty50 stocks is still tilted towards the negative; the IT sector along with FMCG looks