Top trading calls by Anand Rathi: Buy Havells, NIIT Tech

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

NIFTY: SELL 

TARGET PRICE: 10,400 

STOP LOSS: 10,550

Nifty closed in the negative territory in the last trading session and with that, it seems to have completed five waves rising structure. A minimum of 38.2% retracement of the same is expected, hence we recommend selling it as the hourly momentum indicator too has provided a sell crossover.

FRETAIL:  BUY 

TARGET PRICE: Rs 543

STOP LOSS: Rs 492

The stock has provided a breakout from the symmetrical triangular pattern with a buy crossover in its