Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: BUY
TARGET: 11,653
STOP LOSS: 11,501
The Index closed in the positive territory in the last trading session and it has again formed a life time high. The Index after having broken 11,495 on the upside has confirmed the extension on the upside, hence the minimum equality target on the upside comes to 11,653 whereas on the lower side 11,501 becomes a crucial support.
RAYMOND: BUY
TARGET: Rs 830
STOP LOSS: Rs 755
The stock has formed a falling wedge pattern on the daily charts in the