Top trading ideas by Anand Rathi Research: Buy ACC, UltraTech Cement

Nifty outlook and stock calls from Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research: 

NIFTY SELL 

TARGET: 10,680 

STOP LOSS: 10,810

Nifty has closed in the negative territory in the last trading session facing resistance at 10,800 levels. The rise so far on the daily charts appear to be a three wave rising structure, hence till 10810 levels aren’t taken off the overall bias hereon remains sideways to negative. On the lower side, the immediate support exists at 10,650 levels, hence 10,680 is the immediate target.

BUY ULTRATECH CEMENT 

Target: Rs 4,019 

Stop Loss: Rs 3,875

Ultratech cements have