 "Markets, Buy, Sell, Stocks, Shares")
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: SELL
TARGET: 11,296
STOP LOSS: 11,461
The Index closed in the negative territory in the last trading session and so the wave IV consolidation continues. The Index seems to have completed a third wave up and a retracement of the same seems to have started, hence we recommend selling Nifty for the target of 11296 with a stop loss of 11461.
HINDUSTAN UNILEVER: BUY
TARGET: Rs 1,790
STOP LOSS: Rs 1,715
The stock has formed a clear symmetrical triangular pattern on the daily
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