Nifty outlook and top trading ideas from 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 10600 levels but has shown resistance near around 10750 levels. On the downside, we maintain the level of 10530 as a strong support and at the higher end, we anticipate 10800 level would be crucial and a breakout above that level would find the index in a new territory for more upside movement. However, the support for the day is seen at 10650 while resistance is seen at 10770.

BUY