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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

buy and sell, markets, stocks
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Vaishali Parekh Mumbai
NIFTY VIEW

Market has shown a robust move so far as weightage among the Nifty50 stocks continues to be tilted in the positive with 40 stocks in the positive zone while 10 in corrective in percentage of 84 and 16, respectively. Metals have got in new round of momentum. The support for the week is seen at 39,530/11,680 for the Sensex and Nifty, respectively while resistance is seen at 40,800/12,100. Bank Nifty would have a range of 29,680-30,970 - along with PSU banks, and Axis looking promising from here on. The monthly trend in Nifty has turned up implying a view