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Top trading ideas by Prabhudas Lilladher: Buy Wockhardt, L&T Finance

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

Markets, Buy, Sell, Stocks
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Photo: Shutterstock.com

Vaishali Parekh Mumbai
NIFTY VIEW

The market has been gradually progressing, holding the near-term support level of 10,720. Nifty has got its weekly trend turned up while Bank Nifty has still not. The support for the week is seen at 35,400/10,670 levels while resistance is seen at 36,730/11,080 levels. Bank Nifty would have a range of 26,430-27,720. This week being a truncated one, the market would have a narrow range. The mid-cap sector has made a roaring comeback and looks positive.

BUY  WOCKHARDT
CMP: Rs 420.65
TARGET: Rs 490
STOP LOSS: Rs 385

The stock has witnessed a decent correction and has indicated signs of bottoming out at around