Buy Motherson Sumi for a target of Rs 342, SL of Rs 304: Prabhudas Liladher

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

NIFTY VIEW

Nifty and Bank Nifty has entered a new territory breaching the resistance band and is now at their peak levels. The bias has turned positive but the chances of a small correction cannot be ruled out. However, the support for the week is seen 11070 while resistance is seen at 11430. The Infra and Metal sector has bounced back strongly and has improved the bias and one can go for L&T for initiating a buy.

BUY CROMPTON GREAVES CONSUMER    

CMP: Rs 244.95      

TARGET: