Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher.

NIFTY VIEW

Nifty, which recovered strongly from the 50-day moving average (DMA) level of 11,090 levels has decisively crossed the 11,600-mark and has entered a new zone for further upside targets of 11,950-12,000 levels. Bank Nifty has underperformed as compared to the Nifty index but is still in a positive zone above the 200-DMA of 28,860 level. However, the support for the week is seen at 38,600/11,440, while the resistance is seen at 40,000/11,900 levels. Bank Nifty would have the daily range of 28,440-29,950 levels.

BUY  LARSEN TOUBRO    

CMP: Rs 1,447.80        

TARGET: Rs 1,580      

STOP LOSS: Rs 1,390

The stock