Technical calls from HDFC Securities: Buy Reliance, Ultratech Cement

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

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Remain long with 11,550 stoploss in Nifty The Nifty has been trading in the narrow range of 11,787 to 11,564 for the last month. A close above 11,800 would bring fresh momentum buying in the Nifty, as primary trend has been bullish. Above 11,800, the Nifty could move to 12,000 and 12,430 targets in short term. On the downside, 11,550 has been the crucial support at which stop loss can be kept. BUY RELIANCE INDUSTRIES CMP: Rs 1,392 Target: Rs 1,480 Stop-loss: Rs 1,350 Stock price is hovering around its all-time high. The trend has been bullish with higher ...