Buy Bajaj Finance, Kwality and BPCL, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Nifty View:

There is a Doji formation in the daily chart of Nifty which can trigger a trend reversal but however, it has broken the support of 9,820 decisively and technically, since the sentiment has weakened, more space on the downside is visible before any possibility of revival happens. The RSI has had a steep fall to hit the oversold zone which is now at Rs 36 in the Nifty daily chart and we anticipate indices can witness some more pain on the downside. The support for the