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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty once again closing above the 11,370 level, however, the daily trend being down, Nifty would continue to have a range bound move. The support for the day is seen at 37,600/11,360 while resistance is seen at 38,080/11,490. Bank Nifty would have a range of 27,750-28,260. With rupee at its lowest value, IT Sector as mentioned earlier would continue to do well and Pharma index getting into a new round of momentum would now show further upmove. Infy, Sun Pharma, and Auro Pharma
