Support for Nifty seen at 11,280, resistance at 11,420: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW

Nifty has rallied from 10,950 levels gaining almost 400 points and Bank Nifty also has gained almost 1,000 points from the low made at 26700 in the last two weeks and some exhaustion can be anticipated in the near future. Stocks are moving in rotation and reaching new zone levels. However, the support for the day is seen at 37,360/11,280 while resistance is seen at 37,820/11,420. Bank Nifty would have a range of 27,520-28,000. 

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CMP: Rs 2,700      

TARGET: Rs