Buy Or Sell | Nifty likely to test 10650; Buy HDFC Bank, sell Apollo Tyres
Nifty has broken key support levels of 10800 and we can expect Nifty to test 10650. Market will see some more pain. On the downside 10500 will be a strong support area from where we can expect some bounce back while Bank Nifty has support at 26,000. Autos and metals can see some amount of pullback once the broader market recovers. HDFC Bank gives a good opportunity as it is at monthly lows, says Vikas Jain of Reliance Securities.