12 Stocks Are Showing Positive “Buy” Signal: Prabhudas Lilladher

12 Stocks Are Showing Positive “Buy” Signal: Prabhudas Lilladher

Here are a list of 12 stocks as highlighted by brokerage firm Prabhudas Lilladher, which are showing a positive “buy” signal. The TECHNICALS DAILY MORNING REPORT by Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd highlights the same.

NIFTY

According to Vaishali Parekh of Prabhudas Lilladher, Nifty witnessed a volatile session on the expiry day ranging between 17600 and 17450 zone finally closing near the 17500 levels with sentiment and bias maintained weak. The index has got the next major support zone near the significant 200DMA level of 17350 which is also where the previous crucial bottom was made on the Budget day.

Stock Ideas with Trend Reversal

Positive:

AXISBANK, BEL, FEDERALBNK, GAIL, GODREJIND, HINDALCO, INDIAMART, INDUSTOWER, ITC, PETRONET, SCI, TTKPRESTIG

Negative: ABB, BERGEPAINT, ESCORTS, IGL, KEC, LUPINLTD, METROPOLIS, NAUKRI, SHREECEM, TATACONSUM, THYROCARE

BANKNIFTY:

BankNifty also witnessed huge fluctuations hovering between the 40100 and 39800 levels and ended the session at 40000 levels with bias overall maintained weak. The index has got the next major support zone near 39500 levels and thereafter 39200 of the significant 200DMA levels.

Disclaimer

The stock have been picked from the brokerage report of Prabhudas Lilladher Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.