Live Markets »News & Advice»Latest Advice»Latest Advice Details
Latest Advice Details
Back

Support for Nifty seen at 10,320, resistance at 10,400: Prabhudas Lilladher

Vaishali Parekh/New Delhi 30 Nov 17 | 08:22 AM

Photo: Shutterstock

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

Related Stories

    No Related Stories Found
Widgets Magazine

NIFTY VIEW:

Market witnessed a lack luster day with expiry of future contracts approaching; also no buying interest was seen during the day. The support for the day is seen at 10,320 while resistance is seen at 10,400.

BUY ESCORTS 

CMP: RS 703.50  

TARGET: Rs 750   

STOP LOSS: Rs 650

The stock has witnessed a steep correction from 787 to fall to 680 level and from thereon has consolidated around the 680 level gaining strength and potential to recover strongly and now has given a spurt to signify a positive bias for further rally upward. The RSI has been on the rise and we anticipate the stock to move upward till 750 levels. We recommend a buy in this stock for an upside target of 750 keeping a stop loss of 650

BUY GENUS POWER  

CMP: Rs 63.80  

TARGET: Rs 75  

STOP LOSS: Rs 58

The stock has given a breakout above the 66 level and is now potentially looking attractive for an up move to reach new target levels. The RSI is on the rise and so is the MACD indicator and with improving volume activity along with favourable factors supporting the positive bias, we recommend a buy in this stock for an upside target of 75 keeping a stop loss of 58.

BUY SETCO

CMP: Rs 43.85   

TARGET: Rs 50    

STOP LOSS: Rs 38

The stock had a very steep correction from the levels of 44 to bottom out at 38 level and thereafter has made a steady recovery with decent volume activity. The strength is still maintained and there is potential to rise much more from these levels and with the RSI and MACD on the rise, we recommend a buy in this stock for an upside target of 50 keeping a stop loss of 38.

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

Widgets Magazine

Sensex

Company Price Gain (%)
M & M1,481.403.47
Bajaj Auto3,247.003.03
HDFC Bank1,876.652.15
Coal India267.951.84
Adani Ports401.701.68

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine