 "markets, stocks, sensex, nifty, bse, nse")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has been facing a resistance at around 9940 levels which is also where the significant moving average of 34 WMA lies and we anticipate a lower top formation pattern is in the making in the daily chart. However, Nifty is moving well within the range of 9,980 and 9,800 levels and only a decisive breach of 9,800 can bring in some correction. The support for the day lies at 9,840 whereas the resistance would be seen at 9,930
NIFTY VIEW:
Nifty has been facing a resistance at around 9940 levels which is also where the significant moving average of 34 WMA lies and we anticipate a lower top formation pattern is in the making in the daily chart. However, Nifty is moving well within the range of 9,980 and 9,800 levels and only a decisive breach of 9,800 can bring in some correction. The support for the day lies at 9,840 whereas the resistance would be seen at 9,930
