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Nifty view & stock picks by Vinay Rajani of HDFC Sec: Buy STFC, JSW Steel

Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438

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Positional target for Nifty is seen at 14,300 odd levels.

Vinay Rajani Mumbai
Nifty has been consolidating for the last four trading sessions. On Tuesday, while Nifty ended with minor gains, it managed to register all-time high close. Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438. Longs should be held with the stop loss of 13,438 for Nifty. The positional target for Nifty is seen at 14,300-odd levels. 

Here are a few stock recommendations:

SHRIRAM TRANSPORT FINANCE | CMP: Rs 1090 

Target Price: Rs 1,170 

Stop loss Rs 1,050

 
The stock price has broken out from the pennant pattern on

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First Published: Dec 16 2020 | 8:14 AM IST

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