Nifty outlook and three trading ideas by Jay Anand Thakkar, Anand Rathi

Nifty is likely to inch towards 11,100 levels and till 10,900 and 10,850 levels are held, the overall bias remains positive, the analyst says.

Market outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.

NIFTY: BUY 

TARGET: 11,100

STOP LOSS: 10,900

Nifty ended in the positive territory in the last trading session and with that the momentum indicator moving average convergence divergence (MACD) also continues to be in the positive zone. The index is likely to inch towards 11,100 levels and till 10,900 and 10,850 levels are held, the overall bias remains positive. Hence, we recommend buying Nifty for the target of 11,100 with a stop loss of 10,900.

CHOLA-FINANCE: BUY 

TARGET PRICE: Rs 301 

STOP LOSS: