 "Top trading ideas by Prabhudas Lilladher: Buy HDFC Ltd, Jubilant Foods")
NIFTY VIEW
Nifty continues to surge one way from 10,600 levels with RSI on the daily chart still showing some upside potential to 11,250. The market was supported by RIL, HDFC, and ICICI Bank. Midcap sector too has rallied substantially and can be sideways from here on for a while. The support for the day is seen at 36,350/10,980 while resistance is seen at 36,930/11,130. Bank Nifty would have a range of 27,330-27,940.
BUY HDFC LTD
CMP: Rs 1,885.20
TARGET: Rs 1,970
STOP LOSS: Rs 1,830
Also Read
The stock has witnessed a short correction phase and has shown signs of bottoming out near Rs 1,830 levels. It has indicated a bounce back to signify a positive bias with the strength to rise further in the coming days. The RSI has shown a trend reversal to signal a buy and with good volume participation witnessed, we recommend a buy for an upside target of Rs 1,970 keeping a stop loss of Rs 1,830.
BUY JUBILANT FOODS
CMP: Rs 1,327.25
TARGET: Rs 1,440
STOP LOSS: Rs 1,265
The stock has made a significant move after the short consolidation phase at around Rs 1,260 levels, taking support at the significant 50 DMA moving average and currently has produced a bullish candle pattern in the daily chart breaching the 200 DMA moving average, signifying strength and potential to move further upward. With the RSI indicating a steep reversal rise to signal a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 1,440 keeping a stop loss of Rs 1,265.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%