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Top trading ideas by Prabhudas Lilladher: Buy Tinplate, Prakash Inds

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

Photo: Shutterstock.com
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Photo: Shutterstock.com

Vaishali Parekh
NIFTY VIEW: Post the RBI policy announcement, Nifty has surged past the 10300 barrier mark with a positive sentiment outlook. As of now we anticipate a gradual further upward movement till 10450 levels with the major support now elevated to 10150 levels. However, the support for the day is seen at 10260 while the resistance would be at 10380 levels. 

BUY TINPLATE

CMP: Rs 227.25

TARGET: Rs 255

STOP LOSS: Rs 205

The stock has witnessed a gradual correction from the peak of 324 forming a series of lower tops and lower bottoms during the slide and currently it has bottomed out at around 186