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Nifty outlook & trading ideas by HDFC Sec: Buy Berger Paints, ICICI Bank

The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels

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2 min read Last Updated : May 19 2021 | 8:49 AM IST

Nifty has surpassed the crucial resistance of 15,000, which was derived from the downward sloping channel on the daily chart. This breakout has resulted in an end to the consolidation that was there for the last three months. Nifty has confirmed the higher top and higher bottom formation on the daily chart. The immediate target for the index is seen above the all-time high of 15,432 odd levels. The support has shifted up to 14,900.

Buy Berger Paints | Target: Rs 850 | Stop-loss: Rs 750

The stock price has formed a rounding bottom formation on the daily charts. The

Topics : Market technicals Stock calls Nifty Outlook Berger Paints ICICI Bank

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