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

The weekly trend of Nifty has turned down after 9 weeks weakening the sentiment a little bit whereas BankNifty has managed to maintain the weekly trend. Nifty has been moving in a rangebound zone between 10950 and 10550 levels forming a significant barrier and a breach on either side would bring a fresh movement to decide the new trend. However, the support for the week is seen at 35050/10520 while the resistance is seen at 36320/10930 levels. BankNifty would have the