Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

NIFTY: Buy | TGT: twelve,one hundred fifty | SL: 11,950

Nifty shut in the destructive territory in the very last buying and selling session, even so, the fall appears to be corrective as a result, the dip really should be used as a getting possibility for the concentrate on of twelve,one hundred fifty with a cease decline of 11,950.

MCDOWELL HOLDINGS: Buy | TGT: Rs 780 | SL: Rs 649

The stock has furnished a breakout from the ascending triangular pattern with a apparent invest in crossover in its each day as perfectly as weekly momentum indicator MACD.

RELIANCE INDUSTRIES: Buy | TGT: Rs 1,534 | SL: Rs 1,410

The stock appears to have finished wave 2/B correction and with yesterday’s beneficial near wave 3/C appears to have begun, as a result, 1 can invest in it for the concentrate on of Rs 1,534 with a cease decline of Rs 1,410.

NIPPON Daily life INDIA ASSET Administration: Buy | TGT: Rs 450 | SL: Rs 368

The stock has furnished a breakout from the falling channel with a apparent invest in crossover in its each day to monthly momentum indicators and with this breakout wave 3 up appears to have begun.

Disclaimer: Creator may perhaps or may perhaps not have positions in the previously mentioned stated stocks