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Top trading ideas by Prabhudas Lilladher: Buy HDFC and Arvind Ltd

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

markets, buy and sell, shares, revenue, outlook
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Vaishali Parekh Mumbai
NIFTY VIEW

After a brief consolidation and Nifty holding on to a crucial support of 11,550, the market witnessed a good bounce and moved past the near-term resistance of 11,650 to close above 11,700. We may witness further short covering and perhaps buying and participation once again from almost all sectors. IT continues to be in the green. The support for the day is seen at 38,760/11,660 for the S&P BSE Sensex and Nifty, respectively, while resistance is seen at 39,350/11,790. Bank Nifty would have a range of 29,560-30,180.

BUY HDFC  

CMP: Rs 1,980.40  

TARGET: Rs 2,120         

STOP LOSS: Rs 1,910

The

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