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NIFTY: BUY
TGT: 11,750
SL: 10,400
TGT: 11,750
SL: 10,400
Nifty closed in the positive territory in the last trading session and it has formed a falling channel on the hourly charts. The stock has also formed an inverse head and shoulders pattern on the hourly charts and the breakout from both inverse H&S as well as channel is above 11,615 levels. The support is pegged at 11,500 on immediate basis and below those 11,400 levels. The daily as well as weekly MACD is well in buy mode, hence we recommend buying it for the target of 11,750 with a stop loss of
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