 "PSU stocks stage a comeback amid recovery in crude oil and metal prices in global markets")
Here are a few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:
Outlook:
Nifty index has been making lower highs from last three trading sessions and formed a Bearish Belt Hold candle on the daily chart. It has broken immediate support of 9,218-9,191 zone and hovering near to its 13 Day Exponential moving average. Now if it sustains below 9,191 then selling pressure may drag the index towards next support of 9,133 and 9,090 levels while on the upside immediate hurdles are seen at 9,250 and 9,280.
Stocks:
Petronet LNG
Reco: BUY
Last Close: 415
Stop Loss : 405
Target : 430
It has
