Nifty outlook
From the bottom of 10,790, registered on September 24, 2020, Nifty saw a sharp recovery towards 12,022. Nifty has registered a rise of 1,232 points from the recent bottom in the span of just 11 trading sessions. After such steep rise, Nifty could consolidate for a few sessions. The probable range would be 11,900-12,050. Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index. Any level above 1,2050 could take Nifty towards 12,250 levels.
Stock recommendations
BUY Persistent Systems (Rs 1,357): | Target: Rs. 1,450 | Stop-loss: Rs 1,297
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