Sumary of Top 10 trading ideas for December series as market seems ready for new highs:
- Gujarat Narmada Valley Fertilizers & Chemicals: purchase LTP: Rs 607. 2 Stop-Loss: Rs 534 Target: Rs 720 Return: 19 percent.
- The ‘purchase on decline’ strategy continues to pay rich dividend to market participants and hence, there is no harm on continuing the same, Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One, said.
- Its daily RSI gave strong purchase signal after oscillating around its bull market support zone (40-33).
- One can purchase the stock in the range of Rs 35. Expert: Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities.
- Hurdles will be at Rs 87, Rs 93 and at Rs 100. Expert: Nandish Shah, Senior Derivative & Technical Analyst at HDFC Securities.