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Top trading ideas for today's trade: Buy TVS Srichakra, IB Real Estate

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

Vaishali Parekh  |  New Delhi 

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
 
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With sustaining above 10,300, we see it gradually progressing towards our next projected of 10,500. The support for the day is seen at 10,320 while resistance is seen at 10,400. can show resistance at 10,500, this is where traders need to be cautious.
 
BUY TVS SRICHAKRA     
CMP: Rs 3,201.05     
TARGET: Rs 3,520     
STOP LOSS: Rs 3,020
 
The stock has witnessed a decent correction from the level of 4280 and now it has made a bottom at around 2975 and with the formation of a positive bullish candle now, it looks promising for further upward move in the coming days with strength and potential. The RSI has indicated a steep rise and signify a positive bias. With good activity seen, we recommend a buy in this stock for an upside of 3520 keeping a of 3020
 
BUY IMFA      
CMP: Rs 673.95     
TARGET: Rs 745   
STOP LOSS: Rs 630
 
The stock has made more or less a double bottom pattern formation in the daily chart and has got a strong support at around 600 – 610 levels. The stock has regained strength and is on the rise and we anticipate further more gains upside in the coming days and with RSI turning positive signaling a buy, we recommend this stock for an upside of 745 keeping a of 630.
 
BUY IB REAL ESTATE  
CMP: Rs 220.35    
TARGET: Rs 252   
STOP LOSS: Rs 205
 
The stock has given a positive candle pattern in the daily chart after a short consolidation period and now it looks attractive for an up move with potential an strength and we anticipate it to give a breakout above the previous peak of 255 levels. The RSI has improved indicating a trend reversal and thereby signaling a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside of 252 keeping a of 205
 
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.

First Published: Tue, October 31 2017. 08:06 IST
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