Top trading ideas by Prabhudas Lilladher: Buy Aurobindo Pharma, Infosys

Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

Market outlook

Nifty made a U-turn from its support level of 10,600 with a gain of 130 points getting the daily trend of Nifty and Bank Nifty turned up. The index now needs to cross the hurdle of 10,750 for higher targets. The support for the day is seen at 35,480/10,670 for Sensex and Nifty, respectively while resistance is seen at 36,060/10,800. Bank Nifty would have a range of 26,660-27,250. The market, for now, after several attempts seems to have taken support of 10,600 levels.

Buy Aurobindo Pharma  

CMP: Rs 722.80       

TARGET: Rs 785        

STOP LOSS: Rs 700

The stock