Business Standard

Monday, January 06, 2025 | 02:04 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Technical calls from HDFC Securities: Buy Axis Bank, Infosys

Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.

Markets, Buy, Sell, Stocks, Shares
Premium

Photo: Shutterstock.com

Vinay Rajani Mumbai
Nifty View

Trend of the Nifty is still bullish. In the last two months, the index faced resistance around 10,985 and reversed the trend towards south. So, it is important for it to surpass the crucial resistance of 10,985 on closing basis. On the downside 10,800 is a strong support, which should be kept as a stop loss in long positions.

Buy AXIS BANK (Rs 730) 

Target: Rs 760

Stop loss: Rs 710

The stock has given Symmetrical Triangle breakout on the daily charts and Higher tops and higher bottoms on the daily and weekly charts. Volumes are improving along

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in