Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
The market has got in to its corrective mode supported by technical indicators and volatility index also on rising indicating some more correction to set in. The support for the day is seen at 37680/11370 while resistance is seen at 38150/11500. Bank Nifty also in sync with Nifty is in corrective would have a range of 26940-27460. Rupee too closed at its all-time low, it is time for it to show some reversal, while crude continues with its upward move. Nifty would have