Buy Hero MotoCorp for a target of Rs 3,250, SL of Rs 2,910: HDFC Securities

Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities:

Hold Nifty with 10700 Stop Loss; Resistance seen at 11089

Nifty has been marinating its uptrend with higher tops and higher bottoms on the daily charts. Nifty is currently placed above all important moving average parameters. Nifty is expected to extend this rally towards the next target of 11090. On the Downside support is seen at 10700.

Buy HEROMOTOCORP at Rs 3,069 

Target: Rs 3,250

Stop Loss: Rs 2,910

The stock is placed around 26% lower than its all-time high of 4092, registered in Sep 2017. The stock price has nicely recovered