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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:

SMEs, banks, foreign exchange, markets, forex, small and medium price industries,
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SMEs at large do not understand forex and the concept of hedging, which banks often exploit. (Photo: iStock)

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

NIFTY VIEW

There seems to be no stoppage in the downslide in spite of the indices being in the oversold on the daily chart. The sector indices too are way below the 200DMA but for IT and Pharma which too are under a threat. Bank Nifty has got in new round of selling so bias still continues to be corrective. The support for the week is seen at 32800/9850 while resistance is seen at 33870/10200. Bank Nifty would have a range of

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First Published: Oct 29 2018 | 6:37 AM IST

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