 "Markets, Stocks, BSE, NSE")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
NIFTY VIEW
NIFTY VIEW
As mentioned earlier all sectors have got into corrective now with IT which looked promising too showing exhaustion at higher levels. Nifty on the daily chart with today’s candle has broken the recent rally’s trend line which would now mean that upside is capped at around 10750 levels. The support for the day is seen at 35040/10530 while resistance is seen at 35560/10660. Bank Nifty would have a range of 25900-26470. The view remains corrective for now.
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