Berger Paints is placed near its strong historical consolidation zone and is expected to surge higher from here onwards, says the technical analyst
The technical analyst from HDFC Securities also recommends to remain long on the Nifty and BankNifty with a stop at 17,325 and 36,525, respectively.
Tata Motors DVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session, says the technical analyst from Anand Rathi
Sameet Chavan of Angel Broking recommends buying HPCL, and shorting Titan and Tata Steel
Mahindra & Mahindra has made a triple bottom formation on the daily chart, can target Rs 850 on the upside, says the technical analyst
The technical analyst from Anand Rathi is also bullish on SBI Cards and Jubilant Ingrevia
Torrent Power Sept futures have seen considerable long build up, with 80 per cent rise in open interest and 5 per cent rise in price.
The Religare Broking analyst also recommends buying Apollo Tyres
The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index
The analyst from Anand Rathi recommends to buy these stocks based on a positive technical set-up
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there
Nifty is expected to surpass the intraday all-time high of 16,702
The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index
If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.
The benchmark indices have witnessed a 4 per cent rise so far in CY18. We take a look at some of the stocks that are likely to deliver decent returns in the coming year.
Stock recommendations from Prabhudas Lilladher