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Nifty view and stock recommendation by Prabhudas Lilladher: Buy Bajaj Auto

Here are the stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty has got its daily trend turned up after 3 days, while weekly and monthly continue to be down. Nifty for now has taken support of 10,750 to attempt for an inverted head & shoulder pattern. The support for the week is seen at 36,320/10,730 while resistance is seen at 37,600/11,150. Bank Nifty would have a range of 26,580-27,870. HDFC Bank looks promising from here on along with Axis. Metal and Auto sector too have shown signs of bounce back.

Stock recommendation:

BUY BAJAJ AUTO   

CMP: Rs 2,839.35     

TARGET: Rs 3,100 

STOP LOSS: