Nifty outlook and top trading ideas by Prabhudas Lilladher for today
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher: NIFTY VIEW Market ahead of expiry gets volatile with Nifty below 11,700, now having a near term support at 11,600 levels. Bank Nifty though not correcting yet not participating to propel an up move. The support for the day is seen at 38,470/11,620 while resistance is seen at 38,940/11,750. BUY ITC CMP: Rs 312.80 TARGET: Rs 345 STOP LOSS: Rs 298 The stock has given a decent rally from the levels of 260 and recently has been consolidating around 310 levels for some time gathering strength and has potential to give a further rally from here on. BUY SHRIRAM TRANSPORT FINANCE CMP: Rs 1,348.95 TARGET: Rs 1,510 STOP LOSS: Rs 1,285