Buy ITC for a target of Rs 290 and stop loss of Rs 258: Prabhudas Lilladher

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

NIFTY VIEW

Nifty has resisted around the 10,780 levels and once again was not able to breach the upper band of around 10,820 levels. The momentum witnessed a day before fizzled out and the bias and sentiment turned once again cautious. However, the support for the day is seen at 10,680 while resistance is seen at 10,810. Auto sector continue to show momentum while Cement stocks also has indicated a positive revival.

BUY ITC     

CMP: Rs 272.50     

TARGET: Rs 290    

STOP LOSS: Rs 258

The