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Here's why HDFC Securities is bullish on HCL Tech, Dr Reddy's Labs

Nifty should be held long with the stoploss of 16,650.

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Vinay Rajani Mumbai

2 min read Last Updated : Dec 22 2021 | 9:05 AM IST

By hitting a day's high at 16,936, Nifty partially filled the downward gap which was formed between 16,966 and 16,840 on Monday. The Nifty ended the session with ''Doji'' candlestick pattern, which indicates indecision in the trend for the short term. Nifty should be held long with the stoploss of 16,650. Resistance is seen at 16,936 followed by 17,200.

Stock Recommendations:

Buy HCL TECH (1210) | Target: Rs 1,290 | Stop-loss: Rs 1,145

The stock has broken out from the consolidation, which held for the last three weeks. It has broken out from the downward sloping trend

Topics : Stock calls HDFC Securities Dr Reddy’s Laboratories HCL Technologies Market technicals Trading strategies Stock ideas

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