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Top trading ideas by Prabhudas Lilladher: Buy HUL, Torrent Pharma

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

Tata Investment Corp board approves Rs 4.5-billion share buyback
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Vaishali Parekh Mumbai
NIFTY VIEW

Within two days, the Nifty50 index has surged 2.4 per cent, while Bank Nifty has rallied 2.46 per cent. Bank Nifty, for now, would see some profit-booking while the benchmark index Nifty has its resistance at 11,450 levels. Pharma has got momentum. The support for the day is seen at 37,240/11,220 for Sensex and Nifty, respectively, while resistance is seen at 37,820/11,370 levels. Bank Nifty would have a range of 28,140-28,740 levels. IndusInd Bank and Kotak Mahindra Bank look positive from here on.

BUY Hindustan Unilever

CMP: Rs 1,734.80       

TARGET: Rs 1,850      

STOP LOSS: Rs 1,675 

The stock has