 "Top trading ideas by Prabhudas Lilladher: Mahindra & Mahindra and GNFC")
MARKET OUTLOOK
Market continues with its upward move with participation coming from all sectors, bringing in momentum in rotational movement in stocks. Even midcap sector on weekly chart has taken support at 200-day moving average (DMA) whereby many stocks are on bounce back with good volume. The support for the day is seen at 35,600/10,720 for Sensex and Nifty, respectively, while resistance is seen at 36,200/10,850. Bank Nifty should have a range of 26,760-27,380. Auto Index has made double-bottom on daily chart, stocks like Maruti, M&M, Hero and Bajaj Auto should bounce from here on.
BUY Mahindra & Mahindra
CMP: Rs 634.20
