Two stock ideas by HDFC Securities: Buy Arvind Fashion, Hatsun Agro

Trading longs should be held on with the stop loss of 12,700 levels. We expect midcaps to outperform in the coming days.

Nifty Outlook: Remain bullish with the trailing stop loss of 12,700

Nifty continued its northward journey for the third day on the trot where it gained by 94 points to close at a new all-time high at 12,874 levels. Out of the last twelve trading sessions, Nifty closed in the green in the eleven sessions, gaining by more than 1,200 points. 

In the Options segment, we have seen call writing at 13,000 levels, indicating Nifty may find resistance around 13,000 levels. Considering the kind of sharp run, we have had already during the last twelve sessions and call writing at