ALSO READNifty outlook and top three trading ideas by Chandan Taparia of MOSL Nifty outlook and top trading calls for today's trade: Prabhudas Lilladher Intraday support on Nifty seen at 10,070, says Prabhudas Lilladher Three trading ideas by Vaishali Parekh of Prabhudas Lilladher Buy GAIL, Shipping Corporation and Marico, says Prabhudas Lilladher
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty has given sideways move; a confirmation comes only with a cross of 10,350-10,380 levels for a strong uptrend. The support for the day is seen at 10,250, while resistance is seen at 10,340.
CMP: Rs 504.45
TARGET: Rs 545
STOP LOSS: Rs 488
The stock has maintained a good upward trending movement and now again a higher bottom formation has been made indicating a further decent rise in the coming days. The indicators like RSI has shown a trend reversal thus signaling a buy and with the stock maintaining above the 200-DMA, the bias is maintained positive. With good volume activity seen, we recommend a buy in this stock for an upside target of Rs 545 keeping a stop loss of Rs 488.
CMP: Rs 233.05
TARGET: Rs 255
STOP LOSS: Rs 220
The stock has been maintaining a good support at around Rs 203 and it has given a bounce again from that level. The bullish candle indicates a positive bias with potential and strength to rise further in the coming days and also it has given a breakout above the 200-DMA. With the RSI also indicating a trend reversal, the stock looks promising and we recommend a buy in this stock for an upside target of Rs 255 keeping a stop loss of Rs 220.
CMP: Rs 460.35
TARGET: Rs 495
STOP LOSS: Rs 443
The stock has made a higher-bottom formation in the daily chart and has maintained the rising trend with positive bias. The RSI has indicated a trend reversal and has signaled a buy in this stock making it a very attractive stock. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 495 keeping a stop loss of Rs 443.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.