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Top trading ideas by Prabhudas Lilladher: Buy Himatsingka Seide, M&M

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

Markets, Buy, Sell, Stocks
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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty continues to sustain above 11,500 levels with a positive bias. Many frontline stocks are getting in new price territory such as TCS. Support for the day is seen at 38,650/11,630 For Sensex and Nifty, respectively, while resistance is seen at 39,170/11,760. Bank Nifty would have a range of 29,820-30,400. Auto, IT, Bank Sector continue to show strength. Auto ancilliaries, too, are now gaining strength. We have a positive view on Bharat Forge, Exide, Motherson Sumi, etc.

BUY HIMATSINGKA SEIDE 

CMP: Rs 226.25       

TARGET: Rs 280       

STOP LOSS: Rs 200

The stock has been consolidating for a while

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