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Nifty outlook and top technical calls by HDFC Securities for today

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

Markets, Buy, Sell, Stocks


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

Nifty View

Nifty continued its upward move with new all-time high of 11,760 and closed at 11,738. We believe that 11,768 is a crucial resistance to watch out for Nifty.  Any level above 11,768 could extend the rally towards 11,999. As far as support is concerned 11,620 should be kept a stop loss in trading long positions. Nifty midcap and smallcap indices have not been able find their feet and therefore it is advisable to remain focused on Largecaps.  BankNifty could see fresh momentum buying above 28,400.

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First Published: Aug 29 2018 | 6:17 AM IST

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