Nifty outlook and few trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW
 

The daily trend in Nifty & Bank Nifty has turned positive after 5 and 6  days respectively. This would still be considered a bounce back rally after Nifty respecting the support of 200dma, a decisive move past 10440 would give further targets of 10500-10600 levels. Private sector banks would still be a good buy compared to PSU, also FMCG sector with ITC, HUL look positive for days to come. The support for the day is seen at 10360 while resistance