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Top technical calls from Prabhudas Lilladher: Buy Maruti, Bank of Baroda

Nifty view and few trading ideas by Vaishali Parekh of Prabhudas Lilladher

Vaishali Parekh  |  Mumbai 

markets, stocks, sensex, nifty, bse, nse
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view and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
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has been taking support at around the 9,780 levels and a decisive close above the 9,880 level would confirm the upward trend or else some can drag down to break the previous low of 9,685. The support for the week is seen at 9,680 while resistance is seen at 9980.
 
- BUY    
CMP: Rs 732.15       
TARGET:  Rs 780   
STOP LOSS: Rs 695
 
The stock has made a gradual correction and now has shown a positive candle with a positive bias  to rally further upward to scale new targets. The RSI indicator has shown a trend reversal signaling a buy and we anticipate some more bounce back with strength. We recommend a buy in this stock for an upside of 780 keeping a of 695.
 
- BUY      
CMP: Rs 7,612.85         
TARGET: Rs 8,100        
STOP LOSS: Rs 7,380
 
The stock has been on a good run for a long time since December 2016 and it has been consolidating for some time for now and has been gaining strength and potential for further upward movement. The RSI has made a trend reversal signaling a buy thereby indicating positive bias in the stock. We recommend a buy in this stock for an upside of 8,100 keeping a of 7,380.
 
- BUY   
CMP: Rs 142.85        
TARGET: Rs 156   
STOP LOSS: Rs 134
 
The stock has corrected well from the levels of 168 to 138 and has made a double bottom formation pattern at around that levels in the daily chart. There is revival in the stock and with the RSI indicating a trend reversal for a buy and looks attractive and potential for further upward movement in the coming days. We recommend a buy in this stock for an upside of 156 keeping a of 134.
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Mon, August 28 2017. 08:01 IST
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