Top stock ideas from Anand Rathi Research for today's trade

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

NIFTY: SELL
TARGET: 10,450
STOP LOSS: 10,710

The Index has broken the short-term range on the lower side which indicates that the trend going ahead is still negative. The immediate target on the lower side comes to 10,550 levels and below those levels, it comes to 10,450 levels. The resistance on the upside is pegged at 10,710 levels and till those levels aren’t taken off on the upside the overall short-term bias remains negative.

LUPIN:  BUY
TARGET: Rs 940
STOP LOSS: Rs 880

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