Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher

NIFTY VIEW

Nifty made a U-turn after making a low of 10,670 to close above 11,250, which is also above 200-DMA. Thee index now needs to sustain above to confirm a positive bias. The weekly trend remains intact and the daily trend also has turned positive. IT sector now shows fatigue while other sectors have now come in limelight. The support for the week is seen at 37,320/11,050 while resistance is seen at 38,700/11,500. Bank Nifty would have a range of 28,280-29,700

BUY LARSEN TOUBRO

CMP: Rs 1,411   

TARGET: Rs 1,580   

STOP LOSS: Rs 1,280