 "Markets, Buy, Sell, Stocks, Shares")
Nifty Outlook:
The Nifty index opened positive but follow up buying was missing at higher levels and it got stuck in a range of 40-50 points for the entire trading session. It has formed a contradicting pattern on the daily scale which suggests initialization of sideways momentum. Now till it holds above 10680, it can extend its up move towards 10780 - 10800 zones while a hold below 10680 could drag it towards 10638 then 10600 zones.
Stocks:
NIIT TECH
Reco: BUY
Last Close: Rs 1059
Stop Loss: Rs 1020
Target: Rs 1130
Retest of previous breakout creates buying opportunity and it is trading above 50 & 200
