Hold longs with 9,685 as a stoploss on Nifty, says HDFC Securities

Derivative Strategy on Container Corp by Devarsh Vakil & Vinay Rajani - PCG Desk at HDFC Securities

Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities:

Nifty Outlook: Nifty is hovering around its crucial support provided by previous bottom of 9685. Any level below 9685 would confirm bearish lower top and lower bottom formation on short term charts. Resistance would remain at 9950. Far Support for Nifty is seen around 9450. Traders are advised to hold longs with 9685 as a Stoploss in Nifty.

Buy Radico Khaitan

CMP: Rs 162.50

Stoploss: Rs 150

Target: Rs 180

Stock price has been forming higher top and higher bottom on the daily and weekly chart.