Top trading ideas for today's trade: Buy Tata Motors, Amararaja Batt

Nifty outlook and top trading ideas by Sacchitanand Uttekar, deputy vice president - technical (equity) at Tradebulls

Nifty Outlook:

The rebounded from the critical support zone near 10625 indicates a movement towards 10910 (78.6% retracement level of its previous decline from 11172 to 9952). With no major sign of weakness & a good stock / sector rotation sequence it is likely that the index should hold its bullish structure throughout the week. Traders should maintain their longs with a stop now below 10625 & await for an extended move towards 10910 which could unfold next week. Until then expect some consolidation within the range of 10650-10780 for a while.

Stock:    TATA MOTORS

Reco.:   Buy

CMP :    Rs 342

Occurrence