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Trading ideas by Prabhudas Lilladher: Buy Godrej Consumer Products, Havells

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

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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty once again retested near the peak level of 12,040 but failed to maintain the momentum and succumbed to profit-booking. On the upper side, only a breach above 12,080 levels can bring about fresh upward progress else we shall find a rangebound movement for the index. However, support for the week is seen at 39,000/11,700 for Sensex and Nifty, respectively while resistance is seen at 40,400/12,150. Bank Nifty would have a range of 30,680-32,080. We suggest to go for select stocks till further clarification.

BUY GODREJ CONSUMER PRODUCTS 

CMP: Rs 688.05      

TARGET: Rs 735       

STOP LOSS: Rs 650

The

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