As Nifty reversed its uptrend from the highs, one may look to reduce long trading positions or place strict stop loss for the longs. It is advised to create short trading positions for the immediate downside target of 17,330. Sectorally, banking, healthcare, realty, metal, and automobiles will show weakness in the coming weeks.
Hot Stocks: Brokerages view on Vedanta, HUL, Dabur and Avalon Technologies
Emkay initiated coverage on Dabur India and InCred also initiated coverage on the EMS industry.