Top two trading ideas by Prabhudas Lilladher: Buy HUL, Tata Chemicals

The support for S&P BSE Sensex and Nifty50, for the week, is seen at 37,380/11,060 while the resistance is seen at 38,900/11,560 levels.

NIFTY VIEW

Nifty is fluctuating near the 200-DMA of 11,270 levels and as said earlier, has the downside major support of 11,070 which is where the 50-DMA lies. On the the upper side, the level of around 11,600 has to be breached for further fresh upward movement. However, the support for the week is seen at 37,380/11,060 while the resistance is seen at 38,900/11,560 levels. Bank Nifty would have the weekly range of 27,300-28,830 levels. Volatility is anticipated with the result season going on.

Stock recommendation:

BUY HINDUSTAN UNILEVER

CMP: Rs 2,004.65

TARGET: Rs 2,150