Top trading ideas by Prabhudas Lilladher: Buy Just Dial, Ashok Leyland

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

NIFTY VIEW

Market continues to hold its level with stock-specific movement. VIX continues to be high, though lower than all-time high, which brings in lot of choppiness in stocks. Midcap sector continues to underperform. Support for the day is seen at 38,700/11,650 for Sensex and Nifty, respectively while resistance is seen at 39,270/11,800. Bank Nifty would have a range of 29,400/30,000. Sector wise,  Energy and metal look comparatively positive while IT sector now witnesses fatigue at higher levels. Bank Nifty shows only stock-specific move, keeping the sector well within its range.

BUY JUST DIAL      

CMP: Rs 586.45       

TARGET: Rs