Nifty ended at a 4 day high yesterday - with broader market still having its shine on. The resistance zone playing at 15150 mark and a break above the same would allow further momentum on Nifty. Current set up allows the ongoing trend to continue for 15400 on the index and the actionable trade is given as under on Nifty.
Top trading ideas
HDFC Life: BUY
Target: 800
Stop loss: 714The stock has been trading range from a range from 735 on the higher side and 690 on the lower side. The stock has broken from this range indicating a move after a compression.
Infosys: BUY
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Benchmark NSE Nifty index was trading 112.40 points up at 15094.40 on Thursday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Adani Enterprises, ADF Foods, Eveready Industries, Grasim Industries, IIFL Finance, HDFC Life Insurance Company, Jindal Steel & Power, MMTC, NBCC (India), Oil & Natural Gas Corporation, Piramal Enterprises, Siemens, Tata Steel, Tata Power and TVS Electronics.
Overall, 35 shares were trading in green in Nifty50 index, while 15 were trading in red in the afternoon trade.
In the Nifty 50 index, UPL , ONGC, IndusInd Bank, Coal India Ltd and Hindalco Industries were among top gainers, while Nestle India, ICICI Bank, Asian Paints, Titan Company and Hind. Unilever were trading in red.
Read more about HDFC Life Insurance Company Ltd in demand on Business Standard. HDFC Life Insurance Company Ltd is quoting at Rs 713.1, up 1.42% on the day as on 12:49 IST on the NSE. The stock is up 23.14% in last one year as compared to a 24.68% jump in NIFTY and a 17.06% jump in the Nifty Financial Services index.
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NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.