Buy asian paints, infosys and bank of india, says prabhudas lilladher

Buy Asian Paints, Infosys and Bank of India, says Prabhudas Lilladher

STOCK MARKET - Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher: Nifty Outlook: Nifty now gets into the bear grip whereby the sentiment is now corrective with indices showing signs of fatigue at these levels & now the fear of weekly trend too turning down would further bring a corrective bias. The support for the day is seen at 9,860 while resistance is seen at 9,950.

ASIAN PAINTS - BUY CMP: Rs 1,155.55 TARGET: Rs 1,230 STOP LOSS: Rs 1,100 The stock has had a good run in the past 6-7 months with good volume participation from the market players and we anticipate the same bias for further rally from here on to scale new heights.

The RSI has been strongly poised and with steady rise, the stock looks attractive and potential for more upward movement. We recommend this stock for an upside target of 1230 keeping a stop loss of 1100.

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