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

The weekly trend of BankNifty has turned down after 12 weeks closing below the recent support base of 27150 levels. With the weekly trend of Nifty also down, the sentiment and bias would not be appealing and we maintain a cautious view for the coming days. However, the support for the week is seen at 35380/10570 while resistance is seen at 36530/10940. Bank Nifty would have a range of 26460-27650.

BUY IRB INFRA   

CMP: Rs 148.95      

TARGET: Rs 166      

STOP LOSS: Rs