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 market has been in range bound move with Nifty having 10787 as a fulcrum point deciding the fate of its direction as this would decide its daily as well as weekly trend. Bank Nifty has got its daily trend down while weekly is up since 11 weeks. The support for the week is seen at 35330/10580 while resistance is seen at 36550/10960. Bank Nifty would have its range of 26750-28000 with Axis on positive while Indus ind & Yes bank on corrective.