 "Top stock ideas from Anand Rathi Research for today's trade")
NIFTY BUY
TARGET: 10,900
STOP LOSS: 10,570
Nifty has provided a breakout from the downtrend line resistance with higher tops and bottoms formations on its hourly charts. The Index has also formed an impulse move on the hourly charts which is quite a positive sign in the short term as well as the medium term. On the lower side, 10570 is an immediate support whereas 10490 is the next support. On the upside, 10900 is an immediate resistance which is also the short term target. So, we recommend buying as the risk to reward ratio is well in the favour of the bulls.
Buy
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