Buy Tata Steel for a target of Rs 510: Prabhudas Lilladher

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

NIFTY VIEW

Nifty has held on to the support of 10570 levels while bank Nifty has surged by 250 points after taking support at 200DMA. The support for the day is seen at 35300/10580 while resistance is seen at 35900/10720. Bank Nifty would have a range of 26480-27150. The market would continue to be lackluster & wary ahead of Budget announcement to be held on Friday. Metal & Auto index seems to be showing some sign of bounce back.

BUY UPL   

CMP: Rs 767.35        

TARGET: