Nifty outlook and Top trading ideas by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY - BUY
TARGET: 10,970
STOP LOSS: 10,770
The Index has provided a breakout from the symmetrical triangular pattern which is a bullish reversal pattern. The momentum indicator MACD has also provided a buy crossover on the daily charts thus confirming a breakout on the upside. On the lower side, there exist a support at 10770 which is the stop loss and the target on the upside comes to 10970 levels.
JUST DIAL - BUY
TARGET: Rs 622
STOP LOSS: Rs 579.90
The stock has provided a breakout