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Nifty outlook and top stock recos by Prabhudas Lilladher

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

Nifty outlook and top stock recos by Prabhudas Lilladher
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Vaishali Parekh New Delhi
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
NIFTY VIEW:
 
Nifty after a short consolidation phase has indicated a positive trigger with the RSI showing a trend reversal and also the daily trend has turned up again after 3 days. Now, the peak of 10,550 need to be breached decisively to see a fresh move upward. However, the support for the day is seen at 33,800/10,450 while resistance is seen at 34,160/10,560.
 
BUY HPCL    
CMP: Rs 418.85    
TARGET: Rs 445     
STOP LOSS: Rs 405
 

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