Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research.
NIFTY: SELL
TARGET: 10660
STOP LOSS: 10840
Nifty closed in the positive territory in the last trading session however it has seen selling from higher levels which indicates that there is selling pressure at higher levels. The momentum indicator on the daily as well as hourly charts is still in sell mode hence there can be some further profit booking. However, positional basis till 10530 levels aren’t broken the uptrend may continue till 11000 levels. So, in anticipation of early