Hot Stocks: 9,800 crucial support for Nifty; HDFC Bank, ACC among stocks to buy

The lower circuit on Friday was imposed when markets came down 10 percent from the previous close; however, after hitting the circuit, value buying came into the market which led to its recovery along with strong global cues.

The near term outlook looks promising. Investors must watch out for the levels of 9,800 on the downside which will be a big support and on the upside 10,500 is likely to act as a resistance in the short-term.