 "We are anticipating that Nifty is likely to provide a breakout on the higher side, says Nilesh Jain of Anand Rathi")
BUY NIFTY | TARGET: 9,450 | STOP LOSS: 9,100
Nifty is trading in a rising wedge pattern on the daily chart and currently, it is on the verge of a breakout from the same. The momentum indicator RSI is making a higher top and higher bottom formation and currently at 50.65 levels which hints of some positive momentum to continue. We are anticipating that Nifty is likely to provide a breakout on the higher side.
BUY HINDPETRO | TARGET: Rs 97 | STOP LOSS: Rs 88
The stock has provided a breakout from a two-month consolidation and is also making a higher top
