Buy BHEL for a target of Rs 78, SL of Rs 66: Prabhudas Lilladher

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

NIFTY VIEW

Market yet again in a narrow range with hardly any definite move as far as Nifty is concerned but with a positive bias though with several attempts it has been unable to cross the 10930 hurdle. The support for the day is seen at 36080/10840 while resistance is seen at 36660/10960. Bank Nifty would have a range of 27230-27830. Kotak Bank looks promising from hereon.

BUY  HERO MOTOCO 
CMP: Rs 2,903.60       
TARGET: Rs 3,150     
STOP LOSS: Rs 2,840

The stock has