Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty crossed the 11000 mark and made the intraday high of 11078 where it faced a resistance and witnessed some profit booking. On the downside now Nifty has got a support near 10950-10960 levels while on the upper end around 11200 would be the new level. Bank Nifty too found the resistance at the previous peak level of 27164 and succumbed to some profit booking. However, the support for the day would be seen at 10950 while the resistance would be at