Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers:
NIFTY: BUY
TARGET: 10,480
STOP LOSS: 10,135
Nifty closed in the negative territory in the last trading session, however, the weekly lows of 10138 are still held so till those lows aren’t broken the overall bias remains sideways. Hence, till 10138 levels are held this is just wave b of B correction and wave C of b is pending. The resistance on the upside is pegged at 10480 and above those levels 10600.
GRANULES: BUY
TARGET: Rs 100
STOP LOSS: Rs 88
The stock