Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty broke the barrier of 10,785 levels and moved past the 10,800 level with positive sentiments but the further direction of the market would be mostly decided, post the Karnataka election results with much volatility anticipated on Monday with the outcome of the exit polls. Nifty and Bank Nifty have both retraced almost 65% from the lows made in the month of March and chances of an exhaustion at higher levels cannot be ruled out. However, the support for the week