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Stock calls by HDFC Securities for today: Buy Escorts, Canara Bank

Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities

Markets, Buy, Sell, Stocks
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Vinay Rajani Mumbai
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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