Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits

On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.

Nifty

The Nifty has closed at the highest level since January 17, 2022. As per the historical seasonal charts, November has been the second best performing month after December in monthly percentage return terms.

Last month, October ended with the a gain of more than 5 per cent, which is far above the average returns of October month in last 29 years. This is encouraging sign for bulls going ahead.

The immediate resistance for Nifty is seen at 18,350 followed by all time high of 18,600. The support for the Nifty has shifted up to 17,800, which happens to be the previous swing