Top trading ideas by Prabhudas Lilladher: Buy Maruti, Dilip Buildcon

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

NIFTY VIEW

Nifty has been hovering between the narrow range of 11,550 on the downside and 11,750 on the upside for quite some time and we anticipate a breach on either side of the range would bring in fresh movement and decide the trend of the market. Bank Nifty, too, has a similar rangebound between 29,700 and 30,200 levels. However, the support for the week would be seen at 38,120/11,440 levels for Sensex and Nifty, respectively, while the resistance would be at 39,260/11,800 levels. Bank Nifty would have the range of 29,300-30,440 levels.

BUY  MARUTI   

CMP: Rs 7,342.85       

TARGET: Rs