 "SMEs, banks, foreign exchange, markets, forex, small and medium price industries,")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
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
