Nifty outlook and top trading ideas by Prabhudas Lilladher for today

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

NIFTY VIEW

Nifty has given a pullback from the low of 11394 to form a higher bottom formation pattern in the daily chart and chances of some upside movement in the coming days cannot be ruled out. A similar view is maintained for Bank Nifty also. With the weak global cues accompanied with the rupee and crude concerns, we anticipate volatility in the market. However, the support for the day is seen at 38,000/11,470 while resistance is seen at 38,480/11,600. Bank Nifty would