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Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The daily, as well as weekly momentum indicators in Nifty, have provided a buy crossover

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Jay Anand Thakkar Mumbai
NIFTY: BUY | TGT 12,400 | SL: 12,225

Nifty closed well in the positive territory in the last trading session and with that it has managed to provide a breakout from the symmetrical triangular pattern formed on the daily as well as hourly charts. The daily as well as weekly momentum indicators have provided a buy crossover, hence, we recommend buying it for the target of 12,400 with a stop loss of 12,225.

ONGC: BUY | TGT: Rs 136 | SL: Rs 124

The stock has formed a triangular pattern in its wave B of a bounce and with a clear buy crossover

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