Nifty outlook and weekly stock picks by Vinay Rajani of HDFC Securities

The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms

Nifty in a Choppy trend; Markets expected to remain stock specific 

Nifty has been trading in a choppy trend for the last six consecutive weeks, where rallies are sold in to and dips are getting bought in to. Sell on rallies and buy on dips kind of strategy has been playing out in the current market scenario as far as benchmark indices like Nifty and Bank Nifty are concerned. However primary trend of the Markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher