Friday, 20 April 2018

Top trading ideas from Prabhudas Lilladher: Buy Rain Ind, Sun TV, Nat Alum

Markets, Buy, Sell, Stocks, Shares

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

NIFTY VIEW
Nifty has its uptrend since past 17 consecutive days RSI on the daily chart being at 62 levels implies room for further up move. The support for the day is seen at 10510 while the resistance would be at 10620 levels.

BUY RAIN IND
CMP: Rs 351
TARGET: Rs 380 - 390
STOP LOSS: Rs 325
The stock has been in a consolidation phase for quite some time but has been showing a positive bias with the RSI on the rise and anticipating a further rise in the coming days. With consistent volume activity seen, we recommend a buy in this stock for an upside target of 380 - 390 keeping a stop loss of 325.

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