Breakout Stocks: How to trade HDFC Bank, Praj Industries and Kaynes Technology on Wednesday?

Indian markets pared early morning gains to close marginally in the red on Tuesday. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 24200 levels.“Nifty has given a good relief rally in the last 3 trading days due to Maharashtra election results. We will have a cautious and sell on rise view on markets for the next 6 months,” Ankit Choudhary Co-Founder, Financial Independence Services, said.“We can pre-empt a head & shoulder formation on daily charts, and we might see levels of 22,000 in the Nifty. Levels closer to 24500-24700 levels are strong resistance levels for the index,” he said. Market Summary