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Nifty outlook & stock picks by Vinay Rajani: Buy L&T Tech, Gujarat Gas

L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months

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Vinay Rajani New Delhi
Nifty outlook

The Nifty50 index, on Tuesday, managed to close at the highest level in the last three sessions, near the 15,100 levels. Meanwhile, the 8-day, 13-day and 21-day EMAs have converged, which shows the consolidation in the current market trend. However, stock-specific bullish moves are still there in the market. On the index level, traders should remain bullish on Nifty with a stop loss of 14,862. On the upside, Nifty has got resistance at 15,273 and 15,432. 

Recommendations
 
BUY LTTS (Rs 2,761): | Target: Rs 2950 | Stop-loss: Rs 2,700 

The stock has managed to close at the all-time levels. The