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

The relief rally continues with Nifty now sustaining above 10500 levels supported by Pharma and Tech stocks along with ITC. The support for the day is seen at 34600/10450 while resistance is seen at 35100/10570. Bank Nifty would have a range of 25130-25650. IT sector has got in a new round of momentum along with Pharma stocks which are in positive territory. RSI on the daily chart has bounced from its oversold zone and if this rally continues a level of 10800 cannot