Nifty outlook and top 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 took a breather to the ongoing rally to end on a flat note, while the sentiment is still maintained positive and as of now we have a good support at 10,500 -10,520 levels. However, the support for the day is seen at 10,580 while the resistance would be at 10,690 levels.
 
BUY CHENNAI PETRO    
CMP: Rs 442.50        
TARGET: Rs 475       
STOP LOSS: Rs 420
 
The stock has been moving in a trending