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Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

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Any level below 8,950 would result into trend line breakdown on the short term charts for Nifty

Vinay Rajani Mumbai

1 min read Last Updated : May 27 2020 | 8:01 AM IST

Nifty in consolidation; Breakdown below 8,950, Breakout above 9,300

For the last five trading sessions, Nifty has been consolidating and has not been able to catch up with the bullishness witnessed in the global markets. Any level below 8,950 would result into trend line breakdown on the short term charts, while level above 9,280 would give bullish confirmation.

Stock recommendations:

BUY JK CEMENT (Rs 1,171) | Target: Rs 1,250| Stop-loss: Rs 1,130

The stock price has closed above its 200 DMA with jump in volumes. It has given bullish “Flag” pattern breakout on the daily charts. The cement sector has been

Topics : Stock calls Nifty Outlook Markets JK Cement Dixon Technologies (India)

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