Lilladher: Buy ICICI Bank, United Breweries

Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

Market News: Clever has given a breakout over the obstruction dimension of 11,760 keeping up a positive inclination and conceivably looks good for more upsides in the coming days. Bank Nifty, as well, with a sound viewpoint is very nearly a crisp breakout over 30,650 dimensions. The help for the day is seen at 39,000/11,720 for Sensex and Nifty, separately, while opposition is seen at 39,560/11,850. Bank Nifty would have a scope of 30,240-30,840. Banks, Infra, Auto and FMCG segment keep on appearing.
Purchase ICICI BANK
CMP: Rs 407
TARGET: Rs 440
STOP LOSS: Rs 385
The stock has gotten well as of late and is nearly a breakout above Rs 410 dimensions to improve the inclination and has implied quality and potential to rise further in the coming days. The relative quality file (RSI) additionally has demonstrated a pattern inversion with a precarious ascent and has made the diagram look appealing for more upsides. With great volume interest saw, we suggest an up front investment this stock for an upside focus of Rs 440 keeping a stop loss of Rs 385.Read More

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