You are here: Home » Markets » News
Business Standard

Nifty outlook and top trading calls for today's trade: Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

Vaishali Parekh  |  Mumbai 

markets, stocks, sensex, nifty, bse, nse

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW:

face intense selling with Sensex losing by 450 points while Nifty tumbling by a huge 135 points and close below the 10,250 mark on the expiry day of F&O segment. The support for the day is seen at 10,170 while resistance is seen at 10,270.


CMP: Rs 171.80     
TARGET: Rs 187       
STOP LOSS: Rs 164

The stock has been in an upward trending mode and currently has been consolidating for quite some time at around 170-175 levels and even in the weak market has maintained its level gaining potential and strength to rise further. We anticipate a upward move in the coming days and with RSI maintaining its strength,it supports our view of a positve bias. We recommend to buy this stock for an upside target of Rs 187 keeping a stop loss of Rs 164.

BUY   

CMP: Rs 233.25     
TARGET: Rs 255      
STOP LOSS: Rs 222

The stock has been on the rise in the recent past and with frequent higher top and higher bottom formation has been in an upward trending mode. The stock looks promising and attractive for further rise and with the indicators like RSI indicating an upward rise is showing a positive bias and thus supports our view for a buy. We recommend this stock for an upside target of Rs 255 keeping a stop loss of Rs 222.

BUY   

CMP: Rs 416.70      
TARGET: Rs 455       
STOP LOSS: Rs 402

The stock has more or less formed a double bottom pattern in the daily chart at around Rs 408 levels and even in the weak market has maintained its levels to signify potential and strength to rise in the upward in the coming days. The RSI has also indicated a positive trigger from the oversold area and with increasing volume activity witnessed, the stock looks attractive and we recommend a buy for an upside target of Rs 455 keeping a stop loss of Rs 402.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Fri, December 01 2017. 08:24 IST
RECOMMENDED FOR YOU