 "Markets, Buy, Sell, Stocks")
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: BUY
TARGET: 11,350
STOP LOSS: 11,180
The Index has reversed from an overbought territory in the short term, however its just a temporary pause post which the uptrend should resume. The current correction is a wave 4 correction and wave 5 up should resume. On the lower side, the Index can maximum fill the gap, hence the lower end of the gap i.e. 11180 should act as a crucial support and on the upside the target is 11350.
MAX INDIA: BUY
TARGET: Rs 92.50
STOP LOSS:
