 "illustration, global markets")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
NIFTY VIEW
Nifty has retraced from the high of 10940 levels to a low of 10588, holding the crucial support of 10585 intact and closed at nearly 10700, whereby for now a higher bottom formation continues. The support for the week is seen at 35000/10480 while resistance is seen at 36230/10870. Bank Nifty would have a range of 25930-27150. Infra & IT sector have once again got in a new round of momentum along with Bank Nifty. Larsen, TCS, Infosys, etc look promising.
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