Technical calls by HDFC Securities: Buy Jubilant Foodworks, TCI Express

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

Nifty heading towards 12300; support seen at 11800

Nifty has been consolidating for last few sessions. The bullish “Cup and Handle” formation on the daily charts indicates the upside target of 12,300 in Nifty for this month. As fas as support is concerned, 11,800 is a level to watch out for as a Stoploss in long positions.

Stock recommendations

BUY JUBLFOOD (Rs 1,582)

Target: Rs 1,700

Stop-loss: Rs 1,550 

The stock has been consolidating for last five trading sessions. The primary trend of the stock has been bullish, as it has been forming higher tops and higher bottoms on