Buy, Sell, Hold: 19 Stock Ideas With Positive Trend Reversal For Feb 9

Nifty after recovering from the lows made near 17400 zone has finally moved past and closed above the 17800 zone to improve the sentiment and bias to some extent with midcap stocks witnessing active participation along with select frontline heavyweights, according to Prabhudas Lilladher. "The index further a decisive breach above 18000 would establish further conviction and can expect for a directional move further ahead in the coming days," PL said in its daily technical report.

BANKNIFTY

BankNifty was overall stagnant as compared to the Nifty index closing on a flat note near 41500 zone and would need a decent move past the 41800 zone to trigger for a breakout from the consolidation zone and carry on the momentum further upside with Axis Bank, ICICI Bank, HDFC Bank, Kotak Bank and SBI well placed.

Stocks with a positive trend reversal

ADANI POWER, ARVIND, ASHOKA, BEML, DELTA CORP, GSPL, HDFC LIFE, HSCL, INDIA CEMENT, JINDAL STEEL, JM FINANCIAL, JSW STEEL, JUBILANT FOOD, MFSL, NBCC, NMDC, OIL, PVR, RELIANCE.

Crossover below 200 daily moving averages

HEC INFRA, GEECEE VENTURES, DP WIRES, SANSERA, MOIL, SIGACHI IND, PUDUMJEE PAPER, NESCO, ART NIRMAN, SCI, MAN IND, RANE BRAKE

Disclaimer

The above is for information purpose only. The "buy", "sell", hold calls are from the brokerage report of Prabhudas lilladher This is not a "buy' call from the author or Greynium Information Technologies. Investors are advised caution as investing in markets is risky. Greynium, the author and the respective brokerage house would not be responsible for losses based on the above article. Markets have turned very volatile and hence investors should be circumspect before investing.