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Top trading ideas by Prabhudas Lilladher: Buy IndusInd Bank, Rallis India

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

Markets, Buy, Sell, Stocks
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Vaishali Parekh Mumbai
NIFTY VIEW

The week has begun with a bang with the Nifty closing above 10,950 and moving past the cluster of significant moving averages bringing a new range for indices and we anticipate further upward momentum. The support for the day is seen at 36,160/10,920 while resistance is seen at 36,740/11,060. Bank Nifty too moving past 27,300 elevates the range and we have the range for the day as 27,270-27,850 levels. Mid-caps have begun with a roaring recovery which should now be the focus.

BUY  INDUSIND BANK
CMP: Rs 1,541.60
TARGET: Rs 1,660
STOP LOSS: Rs 1,470     

The stock has given