Buy BHEL for a target of Rs 90, stop loss of Rs 74: Prabhudas Lilladher

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

NIFTY VIEW

Nifty as mentioned has been consolidating between the range of 11,500-11,620, the trend remains intact as long as long as 11,400 levels are held on decisively. Infra sector after a long time has come out of its consolidation to form an uptrend, along with Pharma which continues to add flavor, Pharma we are looking at a target of 10,500. The support for the week is seen at 37,700/11,380 while resistance is seen at 38,700/11,700. Bank Nifty would have a range of