 "For a liquid secondary market")
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:
NIFTY VIEW
Market continues to show sideways movement with selective stocks in rotation holding the Nifty level. With rupee continuing to show weakness, has given an impetus to Pharma and IT stocks. The support for the week is seen at 37,950/11,460 while resistance is seen at 39,150/11,840. Bank nifty would have a range of 27,370-28,580. Infra sector has now set into momentum with Larsen looks promising from here.
BUY LARSEN TOUBRO
CMP: Rs 1,369.55
TARGET: Rs 1,480
STOP LOSS: Rs 1,310
The stock has been consolidating
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