Hold Nifty long with a stop at Tuesday's low, recommends Vinay Rajani

On the upside, the Nifty may face resistance in the range of 17,950-18,000, says the technical analyst from HDFC Securities

On September 28, 2021, the Nifty hit a low of 17,576 and recovered more than 200 points from that level. The Nifty Bank index, too, witnessed sharp recovery of more than 700 points from the day’s low. Traders are advised to hold on the long positions with 17,576 as a stoploss for the Nifty. On the upside, range of 17950-18000 would act as a resistance. 

Buy Cipla (Rs 977) | Target: Rs 1,025 | Stop-loss: Rs 950

The stock has broken out from a consolidation pattern which held for previous five sessions. Cipla is one of the best performing stock