12 Positive Stock Ideas From Vaishali Parekh Of Prabhudas Lilladher

Nifty extended further the losses to touch 17255 levels and ended the session near 17300 zone with the losing streak extended for the 8th consecutive days.

"The crucial zone of 200DMA has been broken with now next major support maintained near 16800 levels with 17000 acting as the psychological base level where some consolidation can be anticipated. Power stocks can be kept in focus as of now which has indicated prominent strength like Tata Power, Torrent Power and Kalpataru Power can be kept in radar," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd

Stock Ideas with Trend Reversal, according to Vaishali Parekh

Positive stock ideas

ABB, ACC, ADANI ENT, ASHOK LEYLAND, BANK OF INDIA, BHEL, BRITANNIA, CANARA BANK, CANFIN HOME , ESCORTS, EXIDEIND , JSW ENERGY

Negative stock ideas
LUPIN LTD, MGL, MUTHOOT FIN, PIDILITE IND, PNB, RBL BANK, RECL, TATA COFFEE, TATA COMM, TATA CONSUMER, ZEE

BANKNIFTY

BankNifty overall had a rangebound session with 39800 zone maintained as the near-term support area and has the major base near 39200 of the important 200DMA level. BankNifty would have the daily range of 39800- 40700 levels.

Courtesy: Prabhudas Lilladher report