Nifty outlook and top stock pick by Vinay Rajani, Technical Analyst, HDFC Securities:
Nifty Outlook
From the bottom of 9951 registered on 23rd Mar 2018, Nifty has risen 6.90% till date. In last two sessions, Nifty has been facing resistance around 10638 levels. Any level above 10638 could extend the upswing towards next resistance of 10705, which happened to be 61.8% retracement. Nifty has been sustaining above its 100 DMA, and same is likely to provide support at 10462 odd levels.
BUY SUNPHARMA ADV. RESEARCH
CMP: Rs 425
Stop Loss: Rs 400
Target: Rs 480
Downward sloping trend line breakout is seen on the