 "Trading Strategy")
Nifty outlook
Nifty has surpassed the crucial resistance of 11,750, which happened to be the previous three session’s high. BankNifty has been outperforming Nifty with a huge margin. BankNifty has reached at the highest level since March 11, 2020. Nifty is expected to move up with the upside target of 12,000-12,050. A close above 12,050 would brighten the chances for the new all-time high above 12,430 in Nifty. Trading longs should have stoploss at 11,700 in Nifty.
Stock recommendations
BUY BAJAJ FINANCE (Rs 3,484): | Target: Rs. 3,690 | Stop-loss: Rs 3,350
The stock seems to have resumed its primary up trend
