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

Top trading ideas by Prabhudas Lilladher: Buy HUL, Torrent Pharma

Vaishali Parekh/Mumbai 13 Mar 19 | 06:56 AM

NIFTY VIEW


Within two days, the Nifty50 index has surged 2.4 per cent, while Bank Nifty has rallied 2.46 per cent. Bank Nifty, for now, would see some profit-booking while the benchmark index Nifty has its resistance at 11,450 levels. Pharma has got momentum. The support for the day is seen at 37,240/11,220 for Sensex and Nifty, respectively, while resistance is seen at 37,820/11,370 levels. Bank Nifty would have a range of 28,140-28,740 levels. IndusInd Bank and Kotak Mahindra Bank look positive from here on.

Related Stories

    No Related Stories Found
Widgets Magazine


BUY Hindustan Unilever


CMP: Rs 1,734.80       


TARGET: Rs 1,850      


STOP LOSS: Rs 1,675 


The stock has witnessed a decent price erosion in recent times and now has taken support at the 200-day moving average (DMA) which lies at Rs 1,695 levels and has indicated a bounce back with a positive bullish candle formation pattern on the daily chart. The chart looks very attractive and implies further strength and potential to rise in the coming days, maintaining a positive bias. With good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 1,850 keeping a stop loss of Rs 1,675.


BUY Torrent Pharma   


CMP: Rs 1,841.90       


TARGET: Rs 1,960       


STOP LOSS: Rs 1,760 


The stock has maintained a strong base around Rs 1,750 levels and has currently indicated a bullish candle to signify strength. It has moved past the significant 50-day moving average (DMA) to improve the bias. The relative strength index (RSI) also has made a steep rise with a trend reversal to signal a buy and with good volume activity witnessed, we recommend a buy in this stock for an upside target of Rs 1,960 keeping a stop loss of Rs 1,760.


======================


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

Widgets Magazine

Sensex

Company Price Gain (%)
NTPC134.053.67
Larsen & Toubro1,394.001.54
Asian Paints1,470.701.08
Tata Steel518.150.90
Bajaj Auto2,949.400.60

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine