Here's why Vinay Rajani recommends buying Ajanta Pharma, TTK Prestige

The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.

The Nifty has been correcting for the last two trading sessions. The Nifty has entered in the gap zone which was created on July 20, 2022 between 15,359 and 16,490. This gap zone could act as a short-term support for the Nifty.

Positional Trend of the Nifty is bullish as it has maintained higher top and higher bottom formation on the daily chart.

Considering the positional up trend, we believe that dips should be utilized to initiate fresh longs. Stop loss for longs should be kept at 16,300. Resistances for Nifty are seen at 16,800 and 17,422. 

TTK Prestige

BUY

Buy range: Rs 888 -