Business Standard

Thursday, December 26, 2024 | 07:35 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Technical calls from HDFC Securities: Buy ICICI Bank, Pidilite Industries

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

By showing pullback of more than 150 points on Tuesday, Nifty respected the bullish hammer candlestick pattern formed on August 5. Until and unless the low of 10,782, registered on August 5, is breached, traders should remain hopeful for the extension of pullback. Immediate Resistance is seen at 11,080 levels followed by 200-DMA placed at 11,158.

BUY ICICI BANK (Rs 410)

TARGET: Rs.425

STOP-LOSS: Rs. 398

The stock has partially filled the gap which was formed on May 20, 2019. Gap usually acts as a reversal points and we should not rule out the possibility of pullback in the

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