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Top trading calls by Anand Rathi for today: Sell Infratel, buy Britannia

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

Bonds, Stock markets, Shares, Trading
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Bonds, Stock markets, Shares, Trading

Jay Anand Thakkar Mumbai

NIFTY: BUY 
TARGET 10,475 
STOP LOSS: 10,199

Nifty closed in the positive territory in the last trading session after three consecutive negative closes. The Index has formed a “Hammer” candlestick pattern on the hourly charts with a buy crossover in its momentum indicator on the hourly charts, so we recommend initiating buy from current levels for the target of 10,475 with a stop loss of 10,199.

INFRATEL:  SELL 
TARGET: 276 
STOP LOSS: 260

The stock has started to form higher tops and higher bottoms on the daily charts as well as hourly charts. He stock has taken a good support at the lower