Nifty outlook and top stock picks by Prabhudas Lilladher: Buy TCS, Maruti

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

NIFTY VIEW

Nifty has for now held on to the support band of 11,430-11,460 levels. The daily and weekly trend, however, continue to be negative thus making the bias a little bit cautious. The support for the day is seen at 38,600/11,520 while resistance is seen at 39,180/11,650. Bank Nifty would have a range of 30,120-30,750. Infosys result has for now revived the IT Sector, among banks it is Kotak, Federal Bank in green and Sun Pharma has started contributing to the Pharma index.

Stock recommendation:

TCS   

Recommendaation: BUY

CMP : Rs 2145.70

TARGET : Rs 2,250