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Top trading calls for today's session: Buy REC, IB Real Estate

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

Vaishali Parekh  |  Mumbai 

markets, stocks, sensex, nifty, bse, nse
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outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
VIEW:

 
has the level of 10,250 as a strong hurdle to cross; market continues to move sideways with near term support at 10,140. Not much can be expected ahead of long weekend. The support for the day is seen at 10,160 while resistance is seen at 10,250.
 
BUY RECL    
CMP: Rs 159.55      
TARGET: Rs 176   
STOP LOSS: Rs 148
 
The stock has witnessed a steady correction from the levels of 224 and now has been consolidating at around 150 -155 levels for quite some time and has maintained a strong support at 150 level. With a positive candle pattern formation, it is now showing potential and strength to rise further significantly in the coming days and along with RSI showing a trend reversal accompanied by good volume activity, we recommend a buy in this stock for an upside of 176 keeping a of 148
 
BUY BEL    
CMP: Rs 172.65    
TARGET: Rs 192     
STOP LOSS: Rs 164
 
The stock has made a higher bottom formation in the daily chart recently and has recovered significantly from thereon to show strength and potential to rise further. The stock is anticipated to give a breakout above the previous peak of 180 and technically is in a upward trending mode. With RSI also on the rise and decent volume participation, we recommend a buy in this stock for an upside of 192 keeping a of 164
 
BUY IBREAL ESTATE    
CMP: Rs 215.55    
TARGET: Rs 250    
STOP LOSS: Rs 200
 
The stock has made a higher bottom formation like pattern in the daily chart and the stock looks attractive for an up move while maintaining a good support at around 208-210 levels. The stock has been gathering potential to rise further and we anticipate it reach to the previous level of 258 from here on. With good volume activity seen, we recommend a buy in this stock for an upside of 250 keeping a of 200
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Mon, October 23 2017. 08:11 IST
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