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Top trading ideas by Prabhudas Lilladher: Buy Bajaj Finance, BHEL

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

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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty has so far managed to hold the support of 11,540 levels with stock-specific movement seen in rotation. Bank Nifty also going through choppiness while auto sector and NBFC are looking positive along with FMCG. The support for the day is seen at 38,300/11,530 for Sensex and Nifty, respectively, while resistance is seen at 38,880/11,660. Bank Nifty would have a range of 29,500-30,080. All eyes shall be now on TCS and Infosys with the start of results season.

BUY BAJAJ FINANCE 

CMP: Rs 3,047.85        

TARGET: Rs 3,200        

STOP LOSS: Rs 2,980  

The stock on several occasions has formed