 "Stock markets, Indian stocks")
Nifty outlook and Top trading ideas by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: BUY
TARGET: 11050
STOP LOSS: 10870
The Index has been completed a 23.6% retracement of its recent rise. The fall so far on the hourly charts appears to be well channelized; hence the probability of a wave IV of a minor degree is quite high. Now, on the lower side, 10870 is an immediate support and below those 10840 where on the upside 11050 is an immediate target and above those levels 11100 levels.
MINDTREE: BUY
TARGET: 1130
STOP LOSS: 1040
Mindtree is forming higher tops and
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