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 has been making new highs closing just above the 10650 mark and as said earlier, a decisive breakout above the 10650-10670 barrier would bring about a fresh round of rally. The midcap and smallcap chart is also showing a revival after the short pause and we anticipate a good move again with a postive bias. However, the support for the day is seen at 10600 while the resistance would be at 10700 levels.

BUY GLENMARK PHARMA   

CMP : Rs 627      
TARGET : Rs 690      
STOP LOSS : Rs 600

The stock has recovered