ALSO READNifty outlook and top stock picks by Devang Shah for today's trade Nifty outlook and technical calls from Prabhudas Lilladher Top trading ideas for today's trade: Buy Escorts, sell Tata Motors Top trading ideas for today's trade: Sell Tata Motors and DLF Top technical calls from Prabhudas Lilladher for today's trade
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: NIFTY VIEW The day began with positive Global cues with Nifty surging towards 10,472 now to re-test the previous high of 104,90. The support for the day is seen at 10,400 while resistance is seen at 10,510. FORCE MOTORS - BUY CMP: Rs 3,302 STOP LOSS: Rs 2,600 TARGET: Rs 3,800 The stock after making a bottom at around 3000 levels & has been in a recovery mode also has maintained above the 34 WMA in the daily chart. With decent volume participation and RSI indicator on the rise, we anticipate the stock to move further upward towards 3800 level .
We recommend a buy in this stock for an upside target of 3800 keeping a stop loss of 2600. HERO MOTO CORP - BUY CMP: Rs 3701 STOP LOSS: Rs 3500 TARGET: Rs 3800 The stock has given a decent correction from the levels of 4084 to 3410 levels and from thereon has made a good recovery to reach till 3700 level. The RSI is on the rise and MACD indicator also is in the buy mode and along with other favorable indicators supporting, we recommend a buy in this stock for an upside target of 3800 keeping a stop loss of 3500. MASTEK - BUY CMP: Rs 397.75 STOP LOSS: Rs 370 TARGET: Rs 480 The stock has rallied with tremendous volume participation and with the positive indicators like RSI and MACD, we anticipate this stock to move further upwards to around 480 levels. We recommend a buy in this stock keeping a stop loss of 370 for an upside target of 480. Disclaimer: The analyst may have positions in any or all the stocks mentioned above.