Technical calls from HDFC Securities: Buy Maruti Suzuki India, Tata Steel

Maruti's stock price has risen more than 10 per cent with significant rise in volumes

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Support for the Nifty has now shifted up to 8,360

Vinay Rajani Mumbai

1 min read Last Updated : Apr 08 2020 | 8:00 AM IST

Nifty has taken out crucial resistance of 8,600; next targets seen at 9,000 & 9,390

Nifty has decisively surpassed the resistance of 8,600 and confirmed the bullish inverse head and shoulder pattern on the daily line charts. Support for the Nifty has now shifted up to 8,360. Next upside target for the Nifty is seen at 9,000 and 9,390.

BUY MARUTI (Rs 4,536): | Target: Rs 5,000 | Stop-loss: Rs 4,300

The stock price has risen more than 10 per cent with significant rise in volumes. RSI Oscillator has exited oversold zone with positive divergence on the daily charts. The stock price

Topics : Market technicals Markets Maruti Suzuki Tata Steel stocks technical analysis technical analysis Nifty Outlook

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