Buy Granules, Biocon and Apollo Tyres: Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

NIFTY VIEW:

Nifty is now very likely to re-test the previous high as technically we see signs of improvement as RSI has bounced back from oversold and getting into a trend. The support for the week is seen at 9,820 while resistance is seen at 10,130.

BUY GRANULES    

CMP: Rs 121.80       

TARGET: Rs 135       

STOP LOSS: Rs 114

The stock has given a correction from Rs 135.90 levels to bottom out at Rs 111 and now has gained momentum and has produced a decent positive