Pullback on the higher side likely if Nifty holds 9,100: Anand Rathi

The broader structure of Nifty still looks weak though

BUY NIFTY | TARGET: 9,400 | STOP LOSS: 9,100

Nifty is oscillating in the broader range of 9,100 to 9,500, and, currently, it has reached near its lower end of the range. So, as long as Nifty holds above 9,100 levels, we can expect some pullback on the higher side. The volatility India, VIX, has fallen below 40 levels, which is also giving comforts to the bulls. Although, the broader structure still looks weak and we are taking contra bet only to play for a pullback.

BUY HDFCAMC | TARGET: 2,750 | STOP LOSS: 2,560

The stock is forming a cup and handle