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

Market continued to surge on Monday with all sectors participating; however with the strengthening in rupee, IT stocks got in corrective move. The support for the day is seen at 36,770/11,100 for Sensex and Nifty, respectively while resistance is seen at 37,330/11,230. Bank Nifty would have a range of 27,670-28,250. Mid-cap space, too, has been doing well now has moved past the resistance level along with auto and pharma sectors, showing signs of revival. Metal continues to show strength.

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CMP: Rs