12 Stocks To Buy & 12 Stocks To Sell For Traders & Investors

Here are some stock ideas to buy and sell, as per the latest report of Prabhudas Lilladher. Please note that these are not the recommendations of the author, nor Greynium Information Technologies Pvt Ltd.

According to Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher the Nifty index once again after opening in the green faced resistance near the 17700 zone and slipped to witness a range bound session with little movement to end on a flat note. "Since the past 3-4 sessions, the zone near 17550-17580, which is where the significant 200DM lies, has been maintained as a strong support zone with recovery witnessed and closing above the 17600 levels. The support for the day is seen at 17500 levels while the resistance is seen at 17750 levels," Parekh said.

Stock Ideas with trend reversal

Positive: Ashok Leyland, Bajaj Auto, BEL, Bharti Airtel, Dabur, Godrej Properties, Indian Hotels, Indus Tower, Cummins, NBCC, Torrent Power, Trent.

Negative: Adani Enterprises, Astral, Divis Lab, DLF, Dr Reddy, Godrej Industries, JSW Steel, MGL, ONGC, Rain, Thyrocare.

Bank Nifty

According to Prabhudas Lialldher, the Bank Nifty also witnessed a narrow rangebound session maintaining above the 42000 zone with overall bias remaining positive as of now. "With results to be released in the coming week of two major frontline banking stock ICICI Bank and Axis Bank, volatility is anticipated and would decide the further directional move of the index. Bank Nifty would have the daily range of 41800-42700 levels," the brokerage has said in its report.

Disclaimer

The above-mentioned information is purely informational and picked from the brokerage report of Prabudas Lilladher. Stock investments are subject to market risks. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies, the Author and Prabhudas Lilladher 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 making any investment decision.