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Vinay Rajani, a seasoned expert holding the esteemed 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. Vinay's contributions have significantly impacted the financial landscape, making him a respected name in the industry.
Vinay Rajani, a seasoned expert holding the esteemed 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. Vinay's contributions have significantly impacted the financial landscape, making him a respected name in the industry.
The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.
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