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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty gets its daily trend turned up after 7 days and Bank Nifty‘s daily trend has turned up after 5 days. Also Nifty has crossed & closed above the hurdle of 10,730-10,750 implying room for further upside to the target of 10,800-10,850. The support for the day is seen at 10,710 while resistance is seen at 10,830. Mid Cap sector as mentioned earlier looks promising from here on & also Pharma sector with stocks like Lupin, etc.
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