 "PSU stocks stage a comeback amid recovery in crude oil and metal prices in global markets")
Nifty outlook and few trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities:
Nifty Outlook
Nifty has surpassed the crucial resistance of 10,178 and registered a new all-time high above 10,250. Peak and Trough, Moving averages and Momentum Oscillators all are indicating bullish trend for the Nifty. We maintain our bullish view on Nifty with potential upside target of 10,540 in the coming weeks. Short-term support for the Nifty is seen at 10,100 and long should be protected with that stoploss.
Buy Bajaj Electricals
CMP: Rs 414.75
SL: Rs 390
Target: Rs 445
Stock price has recently surpassed
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