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Read more about Stock picks by HDFC Securities: Buy Adani Ports, Tata Communications on Business Standard. The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend

Read more about Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon on Business Standard. On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.

BUY TATA POWER | TARGET: Rs 116 | STOP LOSS: Rs 102 TATAPOWER has been one of the consistent performers in the power sector for the past couple of months and has been trending throughout in the cycle of higher highs, higher lows. Also, the stock is placed well above all the major moving averages suggesting an inherent strength. In the recent past, the oscillator, 14 period RSI has seen some significant bounce and has breached its previous swing highs indicating bullishness in the counter in th...

Read more about Nifty close below 14,416 would be bearish for short-term: Vinay Rajani on Business Standard. Below 14,416, Nifty could slide towards next support of 14,150

BUY GRASIM | CMP: Rs 1,401 | Target: Rs 1,600-1660 | Stop Loss: Rs 1,220 The stock, after the recent correction, has bottomed out near 1260 levels and has currently picked up momentum to move past the significant 50-EMA level of 1315 to improve the bias. The chart looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy. We advise to buy and accumulate this stock for an upside target of 1600-1660 keeping the stop loss of 1220. BU...

Nifty outlook Market traded lower amidst profit booking on Friday as global sentiments were subdued along with spike in Covid-19 cases domestically, which pushed index lower. Nifty closed at 14,631.10, slashing 263.80 points. Banks, financial and FMCG stocks traded with negative sentiments whereas Pharma sector closed in the green. Nifty bank closed at 32,781.80, losing 932.70 points from the previous day’s closing. As per weekly option data, significant call writing on higher strikes rangi...

Nifty outlook On April 13, 2021, Nifty formed inside bar or bullish “Harami” candlestick pattern on the daily chart, where the open and close remained within the range of the previous trading session .The implication of this pattern turns bullish when next session’s opening remains in green. On the upside, Nifty has got strong resistance in the zone of 14,652-14,785, which happens to be the unfilled gap formed on April 12, 2021. Longs should be protected with the stoploss of 14,275 in Ni...