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Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
NIFTY VIEW
The market has got into the festive mood with all large-cap and now also the mid-cap stocks have started participating, RSI on the daily chart being at 59 calls for a further strong up move. The support for the day is seen at 36080/10840 while resistance is seen at 36620/10970. Bank Nifty would have a range of 26880-27470. PSU Banks too have started participating with SBI taking the lead. All large-cap like LT, Sun Pharma, RIL, etc. continue to look positive.
BUY SUN PHARMA
