Nifty outlook and top trading ideas by Prabhudas Lilladher

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

NIFTY VIEW

Market consolidates in this very narrow range with Bank Nifty too consolidating after a good run-up. The support for the day is seen at 35850/10750 while resistance is seen at 36370/10900. Bank Nifty would have a range of 27230-27800. Market still observes an absolute stock specific movement, sector-wise Pharma is now showing signs of a pickup.

BUY STERLITE TECH   
CMP: Rs 290.30     
TARGET: Rs 325     
STOP LOSS: Rs 277

The stock has made a triple bottom formation pattern in the