Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research.
NIFTY: BUY
TARGET: 10980
STOP LOSS: 10750
Nifty closed in the positive territory in the last trading session and with that, it closed in the positive territory for the fifth trading session. The Index has closed well above 10800 levels again and with that, it has convincingly negated the lower tops and lower bottoms formation on the daily chart and it has started to form higher tops and higher bottoms on the hourly charts. Now, on the lower side, it has a good support