 "markets, sebi")
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research.
NIFTY: SELL
TARGET: 10,550
STOP LOSS: 10,760
Nifty closed almost in the negative territory in the last trading session. It has five waves declining structure on the hourly charts which is a negative sign in the short term, hence any bounce should be utilized as a selling opportunity in the short term. The minimum equality target in the short term comes to 10550 levels whereas the resistance is pegged around 200DMA i.e. 10760 levels.
TORRENT POWER: BUY
TARGET: Rs 274
STOP LOSS: Rs 252
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