 "Top technical calls: Buy India Cements, Hindustan Oil Exploration")
Nifty view and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
Nifty technically continues to make lower top on daily chart, however after making a low at 9,700 levels the RSI is showing signs of bounce back, now having the near term resistance level of 9,950. However, the support for the day is seen at 9,840 while resistance is seen at 9,930.
INDIA CEMENTS - BUY
CMP: Rs 173.90
TARGET: Rs 192
STOP LOSS: Rs 165
The stock has made a double bottom like pattern in
NIFTY VIEW
Nifty technically continues to make lower top on daily chart, however after making a low at 9,700 levels the RSI is showing signs of bounce back, now having the near term resistance level of 9,950. However, the support for the day is seen at 9,840 while resistance is seen at 9,930.
INDIA CEMENTS - BUY
CMP: Rs 173.90
TARGET: Rs 192
STOP LOSS: Rs 165
The stock has made a double bottom like pattern in
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