Pullback on the higher side likely if Nifty holds 10k: Nilesh Jain

The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart

BUY NIFTY | TARGET: 10,250 | STOP LOSS: 9,900

The NIFTY index rebounded sharply from the lower levels and formed a morning star-like candlestick pattern on the daily chart. It also reclaimed 100-DEMA, placed at 10,030 levels, which was earlier acting as a major resistance zone. Now, as long as Nifty trades above 10,000 levels, the overall structure hints of a continuation of a current pullback towards its previous swing high. The momentum oscillator MACD has provided buy crossover on the hourly chart.

BUY HDFC LTD | TARGET: Rs 1,800 | STOPLOSS: Rs 1,950

The stock has provided breakout from a broader consolidation and