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Here's why Vinay Rajani of HDFC Sec suggests to buy Zydus Life, Coal India

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Zydus Life and Coal India

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Vinay Rajani Mumbai
Nifty View

Nifty fell for the fourth consecutive session on March 14. Looking at the oversold Put-Call ratio in the Nifty, it seems that market could give pullback rally in the short term. Immediate resistance for Nifty is seen at 17,255, whereas positional resistance is seen at 17,525, with support in the range of 16,950-17,000.

BUY
Zydus Life

Last close: 469.50
Target: 495, 520
Stop-loss: 452

Stock has been holding its uptrend in the falling market. The technical setup of Zydus Life is the strongest amongst all pharma stocks. While the stock is placed above all important moving averages, indicators and

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