Stocks To Buy: 12 Stocks Showing Positive “Buy” Signal

At the outset please be informed that these stocks have been picked from the brokerage report of Prabhudas Lilladher and are not our recommendations.

Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher Pvt has suggested a few stocks that are showing positive signals.

Here are the list of 12 stocks as compiled by Vaishali Parekh

Ajanta Pharma, Bandhan Bank, BEML, Granules, India Bulls Housing, Manappuram, Mphasis, NMDC, Petronet, Praj Industries and PVR are the stocks showing positive signals according to the Prabhudas Lilladher report.
Nifty index witnessed a slightly volatile session with support taken near 17600 zone and closed near the 17650 levels with bias slightly maintained with a cautious approach.

As said earlier, the index has got the important near-term support zone near the confluence of significant moving averages of 200DMA and 50EMA levels of 17500-17550 zone where the index should find base and expect for further upward journey for near term targets of 18000-18200 levels. The support for the day is seen at 17550 levels while the resistance is seen at 17800 levels.

According to Prabhudas Lilladher, the BankNifty also witnessed a sideways movement with a slide witnessed post lunch session but managed to end in the green above 42250 levels.

"BankNifty would have the important crucial support zone near 41500 levels and upside a decisive breach above 42600 would make way for fresh further upward journey. BankNifty would have the daily range of 41800-42700 levels," Prabhudas Lilladher has said.

Disclaimer

The stocks have been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.