 "Markets, Buy, Sell, Stocks")
Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities:
Hold Nifty with 10,500 Stop Loss; Resistance 10,775-10,800
Nifty resumed its uptrend after running correction from 10,775 to 10,490. Nifty has managed to hold the higher top and higher bottom formation. A 20 DMA acted as a reversal point for the Nifty. It would be advisable to remain long in Nifty with a stop loss of 10,500. Bank Nifty looks stronger on charts and likely to outperform going further.
Buy Escorts at Rs 689
Target: Rs 743
Stop loss: Rs 655
The stock price has broken out from the consolidation, which held
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