Nifty outlook and top trading ideas by Prabhudas Lilladher

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

NIFTY VIEW

Nifty gets its daily trend down after 3 days while Bank Nifty is still in positive. The weekly trend would also turn negative if Nifty closes below 10746, so in conjunction with also the 200dma a close below 10745 would bring in more correction. The support for the day is seen at 35600/10720 while resistance is seen at 36180/10850. Bank Nifty would have a range of 26880-27470. Metal & Auto sector have turned weak.

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