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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty has surged for the past 5 days, now nearing our target of 10900-10920 where we would witness profit booking, also volatility index was on rise as we are nearing the Fed outcome. The support for the day is seen at 10790 while resistance is seen at 10900. FMCG sector seems to be getting ready for yet a new high, we have a bullish view for the same & so also is the case with IT Index.
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