Home / Markets / News / Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150

Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150

Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.

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Vinay Rajani Mumbai

2 min read Last Updated : Sep 07 2022 | 9:09 AM IST

Nifty View

The Nifty has been consolidating in the range of 17,400-17,600 for last few sessions. The index made a short term top at 17,778 on August 30, 2022 and that becomes the near term resistance for Nifty.

For confirmation of medium term uptrend resuming, the Nifty has to surpass the 17,800 resistance. On the downside 17,400 and 17,150 are crucial supports to watch out for.

BUY

HG Infra

Last close: Rs 622

Targets: Rs 670, Rs 730

Stop Loss: Rs 590

The stock has broken out from the “Flag” pattern on the daily chart. The price breakout is accompanied by rising volumes and

Topics : Buzzing stocks Market trends Market technicals Nifty Outlook stocks technical analysis HG Infra Engineering CreditAccess Grameen stock market trading technical charts Stock Recommendations

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