 "Markets, Buy, Sell, Stocks")
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: SELL
TARGET: 11,287
STOP LOSS: 11,430
The Index closed in the negative territory for the second consecutive session. The Index seems to have completed a clear five waves rising structure and a minimum retracement of the same is expected. The short-term target comes to 11,287 levels whereas the resistance is pegged at 11,430 levels.
NIIT TECHNOLOGIES: BUY
TARGET: Rs 1,370
STOP LOSS: Rs 1,265
The stock has formed a clear symmetrical triangular pattern on the daily charts and the momentum indicator MACD has also provided a buy
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