Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Market continues to surge high closing at all time high now gives an upside projected target of 11400-11450 supported by Bank Nifty which too has got in new round of momentum coming out of consolidation aided by SBI, HDFC, ICICI, Axis, etc. The support for the day is seen 11100 while resistance is seen at 11230. Mid cap sector too is gradually reviving. Metal sector needs to get in momentum to show confirmation of bottoming out.
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