11 Stocks Showing Positive Buy Signal, 12 Showing Negative Signal

Here are a set of stocks that are showing positive and negative signals, according to broking firm Prabhudas Lilladher.

Stocks showing positive buy signal

Ajanta Pharma, Astral, Balkrishna Industries, Emami Ltd, IGL, IRB Infra, Lupin Ltd, Marico Industries, Naukri, Polycab, Siemens and Star.

Stocks showing negative signals

These include Aarti Industries, Apollo Hospitals, DLF, GAIL, Granules, GSPL, ITC, KEC, MPHASIS, OIL and Tata Communications and UPL.

NIFTY

Meanwhile, according to Prabhudas Lilladher, Nifty continues to witness tough resistance near 17900 and with a lower top formation on the daily chart has indicated weakness with volatility and a sense of cautiousness building up. "As of now, the crucial support zone of 17800 level is maintained and a decisive breach below can trigger for fresh profit booking with next major support visible near 17350 levels of the significant 200DMA zone," Prabhudas Lilladher has said in its latest report.

BANK NIFTY

Bank Nifty witnessed fluctuations swinging between 40900 and 40500 zone and a close below 40800 levels has implied a slight cautious approach with major frontline banking stocks moving sideways with no clear direction. BankNifty would have the daily range of 40200-41200 levels..

Courtesy: Prabhudas Lilladher report