Vinay Rajani recommends buying Tata Coffee, PSP Projects; check why

The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.

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Vinay Rajani Mumbai
Nifty View

The NSE Nifty has surpassed the crucial resistance of the previous swing high placed at 17,992. The NSE benchmark has also broken out from the downward sloping trend line, which adjoins major swing highs on the weekly chart.

The support for the Nifty has now shifted up to 17,777 and the next upside target for the index is seen at 18,350 and 18,600. 

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First Published: Sep 14 2022 | 7:50 AM IST

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