Here's why Vinay Rajani is bullish on Dr Reddy's, Oracle Financial Services

As per the technical analyst, the Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the Nifty index

NIFTY VIEW

The Nifty index continued to remain in the congestion zone by falling 50 points to close at 17,721 on Tuesday. It is currently consolidating between its 50 days and 200 days EMA. Union Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the index.

BUY Dr Reddy's

Target: Rs 4,650 | Stop-loss: Rs 4,285

The stock price has broken out from the consolidation, which it held for the last two weeks. It rose more than 2 per cent on Tuesday on a significant jump