BUY NIFTY
TARGET: 11,250
STOP-LOSS: 10,950
TARGET: 11,250
STOP-LOSS: 10,950
The Nifty closed almost flat in Monday's trading session. However, the daily momentum indicator is still in the buy mode, and hence, the probability of an upward breakout is still high. The Index has completed wave Y on the lower side and wave X bounce is expected. On the lower side, the support is pegged at 10,900 levels whereas the target is 11,250.
BUY MARICO
TARGET: Rs 425
STOP-LOSS: Rs 375
The stock has provided a breakout from the symmetrical triangular pattern with a buy crossover in its daily as