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 and Bank Nifty have got their daily trend turned down after 8 days bringing in weakness and pessimism amongst the market players. The near term support of 10980 was broken in Nifty, along with Bank Nifty too not participating, it is still tech sector outperforming. The support for the day is seen at 10870 while resistance is seen at 10980. The view is now cautious and corrective.

BUY YES BANK  
CMP : 378.50    
TARGET : 440