Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY - BUY
Target: 10,290
Stop Loss: Rs 10,090
Nifty closed in the negative territory in the last trading session however the Index has recovered well from the lower end which indicates that the probability of a reversal from these levels is quite likely. On the lower side, 10,090 is an immediate support, hence with that as a stop loss one can buy for the target of 10,290 levels
AUROBINDO PHARMA - SELL
Target: Rs 695
Stop Loss: Rs 745
The stock has broken the symmetrical triangular pattern