Nifty view and stock call by HDFC Securities: Buy Ipca Labs, Bharti Airtel

Bharti Airtel's move remained resilient during the downtrend which the market witnessed in the current calendar year

Exit Nifty longs if it breaks below 8800

Nifty has been trading in the rising wedge which is more like a pullback setup in the overall downtrend. Any level below 8,800 would confirm the bearish breakout from this wedge. Longs should be protected with strict stoploss of 8,800. On the higher side 9,390, the recent top would act as a resistance.

BUY IPCA LAB (1,601) | Target: Rs 1,690| Stop-loss: Rs 1,550
 

The stock is in overall uptrend with higher tops and higher bottoms on the weekly and monthly charts. It is placed above all important moving averages and has resumed its