13 Stock Ideas With Positive Trend Reversals

Indian markets have been buoyant over the last couple of days, awaiting cues from the US Federal Reserve. Here are some stock buying and selling ideas picked from the Technicals Daily Morning Report by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd

According to Parekh, Nifty has continued with the ongoing upward thrust to almost reach the significant 18200 level, which would be a psychological landmark and can witness some resistance or consolidation phase. The support for the day is seen at 18050 levels while the resistance is seen at 18250 levels.

Bank Nifty

Bank Nifty has also carried on with the momentum straight away from the 38600 zone to 43500 levels and would need to sustain above the crucial 43500 levels for another few sessions to establish some conviction and clarity. Some profit booking or consolidation can't be ruled out after a strong rally. Banknifty would have a daily range of 42800-43800 levels.

List of stocks that are showing trend reversal and positive breakout

Among the list of stocks that are showing a positive breakout include names like JM Financials, KEC International, MUTHOOT Finance, ICICI Prudential Life, PVR, Divis Labs, NMDC, Thyrocare, AU Bank, Indiamart, Yes Bank and HDFC Life.

Disclaimer

The stocks have been picked from the brokerage report of Prabhudas Lilladher, which highlights technical aspects. Greynium Information Technologies Pvt Ltd and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision. The above article should not be construed as a buy recommendation from our end, as we have just provided information based on the brokerage report.