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Technical calls from HDFC Securities: Buy HCL Tech, SRF

Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.

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Vinay Rajani Mumbai
Hold Nifty longs with 10,700 Stop loss; Resistances seen at 10,888 and 10,985

Nifty has been registering similar high for last two sessions around 10,888-odd levels. However, double- bottom reversal from 10,585 registered on February 19 is strong positional support for the Nifty. Traders should remain bullish on the index with a stop-loss of 10,700, where maximum Put writing took place in the last few sessions.

BUY HCL TECH (Rs 1,057)

Target Rs 1,190

Stop-loss Rs 1,026

The stock has given breakout from bullish “Flag” pattern in the daily charts, which indicates the continuation of a primary uptrend. It

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First Published: Feb 27 2019 | 6:41 AM IST

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