Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has given sideways move; a confirmation comes only with a cross of 10,350-10,380 levels for a strong uptrend. The support for the day is seen at 10,250, while resistance is seen at 10,340.
BUY BPCL
CMP: Rs 504.45
TARGET: Rs 545
STOP LOSS: Rs 488
The stock has maintained a good upward trending movement and now again a higher bottom formation has been made indicating a further decent rise in the coming days. The indicators like RSI has shown a trend