Live Markets »News & Advice»Market News»Market News Details
Market News Details

Nifty outlook and few trading ideas by Prabhudas Lilladher for today

Vaishali Parekh/ 15 Feb 18 | 08:08 AM


NIFTY VIEW: Nifty is in the process of making lower top on daily chart implying new round of correction to set in with near term resistance seen at 10600 levels. The support for the day is seen at 10440 while resistance is seen at 10550. Our view is corrective and cautious.

Related Stories

    No Related Stories Found
Widgets Magazine


CMP: Rs 611.50

TARGET: Rs 660

STOP LOSS: Rs 580 

The stock has made a higher bottom formation pattern in the daily chart to reverse from the level of 586 and has indicated a positive bullish candle pattern to signify a positive bias and we anticipate a further rise from here on to scale up to 650 – 660 levels giving a breakout above the previous peak of 631 levels. The RSI has indicated a trend reversal to signal a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of 660 keeping a stop loss of 580.


CMP: Rs 1,224

TARGET: Rs 1,380

STOP LOSS: Rs 1,120

The stock has witnessed a gradual correction from the peak of 1475 and has made a bottom formation at 1045 levels and now currently has indicated a good revival with positive candle patterns to strengthen the bias and we anticipate a further rise from here on. The indicators have become favourable and with the RSI giving a steep rise and also the MACD showing a trend reversal, we recommend a buy in this stock for an upside target of 1380 keeping  a stop loss of 1120.

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

Widgets Magazine


Company Price Gain (%)
Larsen & Toubro1,323.956.74
Tata Motors269.554.74
O N G C168.553.34
Tata Steel599.403.24


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine