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Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: BUY
Target: 11,100
Stop Loss: 10,890
Nifty closed in the negative territory in the last trading session however it has formed a falling wedge pattern on the hourly charts which is a bullish reversal pattern. The Nifty IT was providing good support to the Index which indicates that there is a high possibility that the Nifty IT forms a new lifetime high above 12,620 levels. As far as Nifty is concerned the support on the lower side is pegged at 10,895 levels whereas the
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