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Nifty heading towards 11300 Target
Nifty has risen for the fourth session on the trot. The index has reached well above its 200-day simple moving average (SMA), placed at 10,865. Now, 200-day moving average (DMA) can act as a support for trading long positions. The Upward sloping trendline adjoining bottoms of Oct 2018(10,004), Aug 2019(10,637), and Sep 2019(10,670) projects the strong resistance around 11,300 in Nifty.
BUY L&T (Rs 939): | Target: Rs 1,000 | Stop loss: Rs 900
The stock price is on the verge of breaking out from the symmetrical triangle pattern on the daily charts. It remained in the narrow
