Next target for Nifty is seen at 11,550: Vinay Rajani of HDFC Securities

Hold Nifty longs with 11,200 Stop-loss

Nifty closed at the highest point since March 2020 lows. The index has broken out from the rising wedge pattern on the daily chart, indicating continuation of an uptrend. Next upside target for Nifty is seen at 11,500-11,550 levels. Traders are advised to hold Nifty longs with 11,200 stoploss and keep it trailing as Nifty rises.

BUY SRF (3,972) | Target: Rs 4,350 | Stop-loss: Rs 3,800

The stock has broken out from the “Flag” pattern on the daily chart with the primary trend of the stock being bullish with higher tops and higher bottoms.