Buy IOC, NTPC, says Vaishali Parekh of Prabhudas Liladher

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

BUY IOC

CMP: Rs 397

Stoploss: Rs 388

Target: Rs 415

IOC is already in strong uptrend and has been in a new round of momentum with RSI also bouncing from 70 levels implying good strength. High volume makes this stock positive for target of Rs 415. We recommend a BUY.

BUY NTPC 

CMP: Rs 168

Stoploss: Rs 160

TARGET: Rs 175-180

NTPC is gradually getting into a strong trend and has sustained above a cluster of moving averages with rising RSI & positive MACD. This stock is ready for further upmove  to target of Rs 175-180.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.