Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
NIFTY VIEW
The market has managed to hold on to the support of 10530 levels to surge higher, however Nifty needs to move past 10950 for targets of 11000. The support for the day is seen at 35500/10700 while resistance is seen at 36100/10850. Bank Nifty would have a range of 26570-27170. The daily trend of Nifty and BankNifty has been down for the 4th day and the weekly trend of both indices is also a threat.
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CMP: Rs