Nifty outlook and top trading ideas by Prabhudas Lilladher

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

NIFTY VIEW

The daily trend in Nifty has turned down after 20 days and after 13 days in Bank Nifty. Though the weightage in Nifty50 is still tilted towards positive, the market has witnessed some choppiness and fatigue at higher levels. Further weakness could be seen with a break of 11,400 levels. The support for the week is seen at 37,520/11,250 for Sensex and Nifty, respectively, while resistance is seen at 38,730/11,640. Bank Nifty would have a range of 28,930-30,150. Stocks with a positive bias are SRF, Mahanagar Gas and Axis Bank.

BUY CASTROL INDIA     

CMP: Rs 160.55        

TARGET: