Top trading ideas by Prabhudas Lilladher: BUY CHOLA FINANCE CMP: Rs 1,438 TARGET: Rs 1,560 STOP LOSS: Rs 1,400 The stock has been moving around the significant 200 DMA moving average taking a good support and we anticipate a further upward movement in the coming days with RSI also consolidating around the oversold zone and gaining the potential to make a bounce in the upward direction. The volume has been consistent and with the chart looking attractive, we recommend a buy in this stock for an upside target of 1560 keeping a stop loss of 1400. Click here for more Nifty outlook by Prabhudas Lilladher: Nifty continues to consolidate since the past 3 days with a close nearly at the same level. The support for the day lies at 37,440/11,320 while resistance is seen at 37,830/11,440. Bank Nifty would have a range of 27,620-28,100. Among the Auto sector, Maruti and M&M look promising from these levels. HDFC twins along with Kotak Bank should do well to contribute to Bank Nifty. The mid-cap sector witnessed some profit booking, but overall a positive view is maintained. 178 companies to report June quarter numbers today Corporate results will be in focus on Wednesday. On the earnings front, 178 companies are scheduled to report their results for June quarter which include companies like 8K Miles, Aditya Birla, APL Apollo, BEML, BPCL, City Union Bank, HCC, HPCL, Indian Bank, Lupin, Natco Pharma, NALCO, Siemens and Thermax among others. Oil prices steady on falling US crude stocks, Iran sanctions Oil prices held steady on Wednesday, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. Front-month US West Texas Intermediate (WTI) crude futures CLc1 were at $69.21 per barrel, up 4 cents from their last settlement. Brent crude oil futures LCOc1 were at $74.63 per barrel, down two cents after a 90 cent gain in the previous session. SGX Nifty Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 5 points or 0.04 per cent. Nifty futures were trading around 11,431-level on the Singaporean Exchange. Asian shares extend recovery on earnings, China policy hopes Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-US trade dispute. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.22 per cent while Japan's Nikkei ticked up 0.05 per cent.
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