Top trading ideas by Anand Rathi Research: Buy Just Dial, Power Grid

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

NIFTY - BUY 

TARGET: 10,970 

STOP LOSS: 10,770

The Index has provided a breakout from the symmetrical triangular pattern which is a bullish reversal pattern. The momentum indicator MACD has also provided a buy crossover on the daily charts thus confirming a breakout on the upside. On the lower side, there exist a support at 10770 which is the stop loss and the target on the upside comes to 10970 levels.

JUST DIAL - BUY 

TARGET: Rs 622 

STOP LOSS: Rs 579.90

The stock has provided a breakout