Gaurav Mehta, Ambit says having found strong support on multiple occasions at the lower end of the all-important channel that has defined Nifty's upmove over the past twelve months, the uptrend in the index has been reinforced.
“We look for upside targets near the 9000 mark over the next few weeks. On stocks, we recommend buys on Cipla, IndusInd Bank, TCS, Coal India and Alstom India while recommending going short on HPCL,” he adds.
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