Nifty outlook and top trading calls by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW

Nifty after correcting from 11,750 to 11,394, has taken the support of 11400 levels, from where a bounce can be expected up to 11,550. The support for the day is seen at 37,760/11,400 while resistance is seen at 38,250/11,540. Bank Nifty, too, has corrected by 1,250 points with banks like IndusInd & Yes Bank, for now, have taken the support of 200 DMA. Bank Nifty would have a range of 27,120-27,630. The rupee too has approached its resistance of 72 from where some recovery