Buy Godrej Properties for a target of Rs 820: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW

Nifty and Bank Nifty has begun to face profit booking after the consecutive days of rally and is now precariously poised at the higher levels. Bank Nifty has already initiated a corrective move while Nifty has indicated a Doji formation in the daily chart.  The chances of a downward movement cannot be ruled out in the coming days. The support for the day is seen at 11,280 while resistance is seen at 11,400.

BUY KAJARIA CERAMICS   

CMP: Rs 457.75      

TARGET: Rs 500