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:

Market is surely witnessing a euphoric move with indicators being in overbought zone, also ADX on daily chart being on up move, indicating momentum to continue. The support for the day is seen at 11,020 while resistance is seen at 11,120. PSU Banks have now got in to momentum & PSUI index is showing signs of reversal, we maintain a positive view on SBI, BOB, PNB Bank etc.

BUY PNB
CMP : Rs 185.80
TARGET : Rs 205
STOP LOSS : Rs 172

The stock has been hovering between the range of 164 and 178 levels after