Top trading ideas by Prabhudas Lilladher: Buy HDFC, Indiabulls Housing Fin

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

NIFTY VIEW

Market continues with downward trend with Nifty, too, having its weekly trend turning down after ten weeks, while Bank Nifty has been down since last three weeks. Almost all sectors are participating in correction, especially, the heavyweights. The Nifty50 index has 41 stocks in negative zone with weightage of almost 85 per cent while only nine stocks are in positive which confirms a corrective market. The support for the week is seen at 36,900/11,100 for Sensex and Nifty, respectively, while resistance is seen at 38,150/11,500. Bank Nifty would have a range of 28,470-29,720.

BUY HDFC LTD  

CMP: Rs 1,931.70