Top trading calls by Anand Rathi: Buy UPL, Cyient and Tata Communications

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

NIFTY: BUY 

TARGET: 10,800 

STOP LOSS: 10,583

Nifty has again taken good support at its uptrend line and 10,583 level now appears to be a very crucial support. On the lower side, until 10,583 levels are not broken in the short term, the bulls may hope for a bounce back till 10,800 levels. The short term momentum indicator is well in the buy mode from quite an oversold territory which is a positive sign.

UPL:  BUY 

TARGET: Rs 845 

STOP LOSS: Rs 807

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