Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected

NIFTY: BUY | TGT 11,850 SL: 11,650

The Nifty closed in the positive territory in the last trading session and has formed a symmetrical triangular pattern on the hourly charts. The Index seems to have completed wave B of the bounce and wave C up on the hourly charts is expected. So, one can buy Nifty for the target of 11,850 with a stop loss of 11,650.

ESCORTS: BUY | TGT: Rs 920 | SL: Rs 809

The stock has provided a breakout from the falling channel, and, thereafter, has been forming higher tops and higher bottoms with a buy crossover in its