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Vinay Rajani, who holds a Chartered Market Technician (CMT) designation, serves as a senior technical and derivative analyst at HDFC Securities. He has more than 16 years of experience in the financial markets. Rajani's contributions have significantly impacted the financial landscape, making him a well-regarded name in the industry.
Vinay Rajani, who holds a Chartered Market Technician (CMT) designation, serves as a senior technical and derivative analyst at HDFC Securities. He has more than 16 years of experience in the financial markets. Rajani's contributions have significantly impacted the financial landscape, making him a well-regarded name in the industry.
The technical analyst from HDFC Securities has buy call on ICICI Prudential Gold ETF and sell call on Mothersonsumi.
The technical analyst from HDFC Securities expects the Nifty to find support around 17,450-odd levels.
The technical analyst from HDFC Securities expects the Nifty to find support in the range of 17,703 to 17,791.
The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.
The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.
The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.
It would be advisable to trade longs with trailing stop loss. Support for the index is seen at 15,800.
Vinay Rajani of HDFC Securities recommends that traders hold on to their long positions with 17,640 stoploss for the Nifty.
Among stocks, the technical analyst from HDFC Securities recommends buying M&M Finance and Indian Bank
The stock of Indian Bank has broken out from ascending triangle on the weekly charts
The technical analyst from HDFC Securities also explains why he is bullish on BPCL, SBI Life
The technical analyst from HDFC Securities also recommends to remain long on the Nifty and BankNifty with a stop at 17,325 and 36,525, respectively.
The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index
Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis
Nifty is expected to surpass the intraday all-time high of 16,702
The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty
Hero MotoCorp's stock has broken down below the last six week's price consolidation
The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.
Bajaj Finance's stock price has broken out from symmetrical triangle on the daily charts, and rising volumes have confirmed the breakout
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support