Immediate Nifty target at 13,590: Vinay Rajani of HDFC Securities

Nifty outlook

Markets are in continuation of an uptrend. For the Nifty, immediate target is seen at 13,590, which happens to be the 123.6 per cent retracement of the entire fall seen from 12,430 (Jan 2020 Top) to 7,511(March 2020 Bottom). The far target is seen at 14,300-odd levels, where 138.2 per cent retracement levels are placed. As far as support is concerned, 13,145 is a crucial level to watch out for. 

Stock recommendations
 

BUY Nippon Life India Asset Management (Rs 304): | Target: Rs. 341 | Stop-loss: Rs 289

The stock price as broken out from last three weeks of consolidation. It