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Top trading ideas by Prabhudas Lilladher: Buy HDFC Ltd, Jubilant Foods

Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

Markets, Buy, Sell, Stocks
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Vaishali Parekh Mumbai
NIFTY VIEW

Nifty continues to surge one way from 10,600 levels with RSI on the daily chart still showing some upside potential to 11,250. The market was supported by RIL, HDFC, and ICICI Bank. Midcap sector too has rallied substantially and can be sideways from here on for a while. The support for the day is seen at 36,350/10,980 while resistance is seen at 36,930/11,130. Bank Nifty would have a range of 27,330-27,940.

BUY HDFC LTD
CMP: Rs 1,885.20
TARGET: Rs 1,970
STOP LOSS:  Rs 1,830

The stock has witnessed a short correction phase and has shown signs of bottoming out near Rs 1,830 levels. It

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