Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
NIFTY VIEW
The market has given a one-way rally gradually progressing above 10900, we may see some profit booking or sideways move at this level, however, the trend still shows an upside projection of 11150. Support for the day is seen at 36280/10910 while resistance is seen at 36675/11020. Bank Nifty would have a range of 27100-27500. Metal stocks have begun showing signs of a bounce back along with other sectors, now Pharma needs to contribute. The bias remains positive.
BUY Himadri Speciality Chemical