Nifty outlook and top technical Calls by Vinay Rajani, Technical Analyst, HDFC Securities:
Nifty View
Nifty rose for the third consecutive session to close at 10,585. Nifty managed to remain above 10,200 support on the closing basis and reversed northward. We expect Nifty to extend the recent pullback towards 10,800 target. Support is now shifted upward to 10,350, which can be kept as a stop-loss in Nifty longs.
Buy Aurobindo Pharma
CMP: Rs 775.50
Target: Rs 827
Stop-loss: Rs 745
The stock price has broken out from the symmetrical triangle on the daily chart. Breakout from the triangle also resulted into breakout from