ALSO READNifty outlook and few trading ideas by Prabhudas Lilladher Buy Balrampur Chini, Fortis Healthcare, says Prabhudas Lilladher Intraday support for Nifty seen at 9,840, says Prabhudas Lilladher Nifty outlook and key technical picks by Prabhudas Lilladher Intraday support on Nifty seen at 10,070, says Prabhudas Lilladher
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: NIFTY VIEW: The day began with a negative sense with Nifty making a low of 10,075 and immediately bounced back to confirm a double bottom formation at 10,080 levels and bounced back to 10,400 levels. The support for the day is seen at 10,330 while resistance is seen at 10,430. BUY TCS CMP: Rs 2580.50 STOPLOSS: Rs 2400 TARGET: Rs 2800 The stock has corrected from Rs 2777.40 levels in the recent past days and has maintained near its 200-DMA which is around Rs 2494. The positive candle pattern has indicated a Buy and we anticipate the stock to move up further till Rs 2800 levels.
We recommend a buy in this stock keeping a stop loss of Rs 2400 and a target of Rs 2800.BUY CADILA HEALTHCARE CMP: Rs 417.15 STOPLOSS: Rs 400 TARGET: Rs 450 The stock has made a bottom at around Rs 400 and has made a good recovery. With RSI on the rise, the stock looks promising for un upside target of around Rs 450. We recommend a buy in this stock keeping a stop loss of Rs 400. BUY BERGER PAINTS CMP: Rs 252.55 STOPLOSS: Rs 240 TARGET: Rs 265 The stock has been consolidating for a while hovering around the range of Rs 245-255 levels and has maintained a good support at around Rs 240. The stock has been in a trending upward move in the daily chart and while the RSI indicator has reversed its trend signaling a positive outlook, we recommend a buy in this stock for an upside target of Rs 265 keeping a stop loss of Rs 240. Disclaimer: The analyst may have positions in any or all the stocks mentioned above.