Three trading ideas by Vaishali Parekh of Prabhudas Liladher

Here are a few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY YES BANK 

CMP: Rs 1,518 

Stop Loss: Rs 1,470 

Target: Rs 1,580

The stock is already in a strong trend. After retracing to support levels of 1,450, it has got back its momentum for targets of 1,550-1,580. We recommend a buy.

BUY INFOSYS 

CMP: Rs 1,040  

Stop Loss: Rs 1,000  

Target: Rs 1,100

Infosys has closed above 200-DMA with rising RSI and good volume. We recommend buying now, and on declines, with a stop loss of Rs 1,000 for a target of Rs 1,100.

BUY LUPIN 

CMP: Rs 1,490 

Stoploss: Rs 1,440

Target: Rs 1540

Lupin is gradually showing signs of improvement with rising RSI. Also, PDI crossing over MDI implies strength for up move. We recommend buying now, and on declines, with stoploss of Rs 1,440.

Disclaimer: The analyst may have positions in any or all the stocks mentioned above.