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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.

SMEs, banks, foreign exchange, markets, forex, small and medium price industries,
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SMEs at large do not understand forex and the concept of hedging, which banks often exploit. (Photo: iStock)

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

NIFTY VIEW

The market is waiting for Nifty to cross 10830-10850 levels for higher targets as for now Nifty is holding on to the support of 10650-10700. Support for the day is seen at 35730/10740 while resistance is seen at 36240/10850. Bank Nifty would have a range of 27240-27780. Now with the onset of result season market would continue with its volatility, Metal index is currently at a good support level from where a bounce cannot be ruled out, also is the case