Nifty Outlook and top trading ideas by HDFC Securities

Nifty outlook and top stock pick by Vinay Rajani, Technical Analyst, HDFC Securities: Hold Longs in Nifty with a Stop loss of 10600; Target 10883

Nifty has been moving in 100 odd points range for last 5 trading sessions.  Outperformance from the Bank Nifty continued to be there with the Bank Index reaching above 26100 during Tuesday’s session. Trend of the Nifty is still bullish and longs should be held for the upside target of 10883, keeping a stop loss at 10600. 

BUY ASTEC LIFESCIENCE

CMP: Rs 696

Stop Loss: Rs 650

Target: Rs 770

Stock price has given breakout from