 "Bonds, Stock markets, Shares, Trading")
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: SELL
TARGET PRICE: 10,400
STOP LOSS: 10,550
Nifty closed in the negative territory in the last trading session and with that, it seems to have completed five waves rising structure. A minimum of 38.2% retracement of the same is expected, hence we recommend selling it as the hourly momentum indicator too has provided a sell crossover.
FRETAIL: BUY
TARGET PRICE: Rs 543
STOP LOSS: Rs 492
The stock has provided a breakout from the symmetrical triangular pattern with a buy crossover in its
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