Sell Nifty for the target of 9,800: Nilesh Jain of Anand Rathi

One should refrain from creating any aggressive long position in Nifty at higher levels

SELL NIFTY | TARGET: 9,800 | STOP LOSS: 10,180

The NIFTY index broke its winning streak of six consecutive sessions and formed a doji candlestick pattern on the daily chart which indicates indecisiveness amongst participants. Now, we would like to reiterate our cautious stance on the markets and one should refrain from creating any aggressive long position at higher levels. We advise aggressive traders to initiate a short position with a strict stop loss of 10,180.

BUY BHARTIARTL | TARGET: Rs 620 | STOP LOSS: Rs 560

The stock is making a higher top and higher bottom pattern on the daily chart. Although,