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Weekly market outlook and top trading ideas by Prabhudas Lilladher

Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

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Vaishali Parekh Mumbai
NIFTY VIEW     

Nifty has held on to the 11,250 support levels, whereby market sees some consolidation. Besides, the weightage of Nifty50 stocks is still tilted more on negative side as 40 stocks are 85 per cent on negative while only 10 stocks are 15 per cent on positive. This has been since last three weeks. It is about time we saw some bounce, failing which it would be in bears' control. The support for the week is seen at 37,300/11,100 for Sensex and Nifty, respectively, while resistance is seen at 38,480/11,480. Bank Nifty would have a range of 28,740-29,930.

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First Published: Jul 29 2019 | 7:56 AM IST

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