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Sell Aurobindo Pharma, buy Granules India, says Anand Rathi Research

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research

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Jay Anand Thakkar Mumbai
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:

NIFTY - BUY 
Target: 10,290 
Stop Loss: Rs 10,090

Nifty closed in the negative territory in the last trading session however the Index has recovered well from the lower end which indicates that the probability of a reversal from these levels is quite likely. On the lower side, 10,090 is an immediate support, hence with that as a stop loss one can buy for the target of 10,290 levels

AUROBINDO PHARMA - SELL 
Target: Rs 695 
Stop Loss: Rs 745

The stock has broken the symmetrical triangular pattern