Nifty bullish till it holds 9,700: Vinay Rajani of HDFC Securities

Nifty in Bullish Momentum; Targets: 10,160 and 10,550; Support: 9,700

Nifty has been rising for the last five consecutive sessions. On Tuesday, the index closed above the 50 per cent retracement level of the entire fall seen from 12,430 to 7,511. Next target for the Nifty is seen at 10,160 and 10,550. Nifty would be considered bullish till it holds the level above 9,700 in spot.

BUY MINDTREE (Rs 921) | Target: Rs 990 | Stop-loss: Rs 890

The primary trend of the stock is bullish as it is forming higher tops and higher bottoms on the daily charts. Short-term Moving averages