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Top trading ideas by HDFC Securities: Sell Eicher Motors, Pidilite

Nifty outlook and top technical calls by Vinay Rajani, technical analyst at HDFC Securities

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Vinay Rajani Mumbai
Nifty outlook and top technical calls by Vinay Rajani, technical analyst at HDFC Securities:

Nifty View

Nifty is in continuation of a downtrend. Near-term support for Nifty is placed at 10,200, below which further panic selling may emerge. Far support for Nifty is placed at 9,875. Resistances for the Nifty is seen at 10,410, above which short-term trend would reverse from bearish to bullish. 

SELL EICHER MOTORS 

CMP: Rs 21,086
Target: Rs 19,500
Stop loss: Rs 22,300

The stock price has been forming lower tops and lower bottoms on the short-term charts. The stock has been trading in a narrow range for last 4 trading session. The

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