Remain long on Nifty; bet on Indian Bank, Tata Coffee, says Vinay Rajani

The stock of Indian Bank has broken out from ascending triangle on the weekly charts

Nifty50 on Tuesday closed at the fresh all-time high of 17,991. The trend of the index is bullish as it has been holding above its short to medium-term moving averages. Higher tops and higher bottoms are also well intact on daily and weekly charts. Traders are advised to remain long on Nifty with 17,800 as stop loss and keep trailing along with every rise in Nifty.

Stock Recommendations

Buy Indian Bank (160): | Target Rs 175 | Stop-loss Rs 150
The stock has broken out from ascending triangle on the weekly charts. It has surpassed the previous two tops