Top technical calls by HDFC Securities: Buy Indian Hotels, Sun Pharma

Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:
 
Nifty View:
 
Though Nifty managed to limit its fall to 40 odd points, midcap and small cap indices plunged 2.41% and 2.48% during yesterday’s trade.  Advance decline ratio remained worst since 25 Sep 2017. However, there is no sign of bearish trend reversal seen as of yet on the Nifty daily charts. Bullish trend is still intact with all technical indicators holding strength. Support for the Nifty is placed somewhere around 10590, while resistance for the same is placed at 10900.