Nifty outlook and few trading ideas by Prabhudas Lilladher for today

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

NIFTY VIEW

Nifty is oscillating between 10,400-10,600 levels with the daily & weekly trend continuing to be down since past 10 days and 2 weeks. The support for the day is seen at 10,480 while resistance is seen at 10,600. Selective Pharma stocks look positive to bounce from their crucial support levels & also Gas stocks like MGL & IGL look positive from here on.

BUY PNB
 

CMP: Rs 161.65

TARGET: Rs 182

STOP LOSS: Rs 152

The stock has corrected from