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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty and Bank Nifty has been moving in a range bound zone with the former having 10830 levels as the resistance whereas 10,520-10,530 as the strong support, while as for Bank Nifty upside 27,000 would be a crucial barrier whereas downside 26,050 can be a strong base. However, the support for the week is seen at 10,580 while the resistance would be at 10,920 levels. Pharma sector as said earlier is anticipated to perform well in the coming days and RIL is expected
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