Technical calls for today by Anand Rathi Research

Top stock ideas by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research:

NIFTY BUY 

TARGET: 10925 

STOP LOSS: 10720

Nifty has closed well in the positive territory for the second consecutive day which is quite a positive sign for the bulls going forward. The Index has taken off its previous swing resistance of 10,765 which indicates that the overall trend has reversed from negative to positive. The Index has recently completed an expanded flat pattern which is a bullish reversal pattern. The momentum indicator MACD has come into buy mode on the daily charts from the zero reference line