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Read more about Three stock ideas by Osho Krishan of Anand Rathi: Buy Crompton, Emami on Business Standard. Voltas stock is consolidating near the neckline of the Inverted Head & Shoulder pattern on the daily time frame and is expected to rebound from here onwards
Read more about Two stock picks by Osho Krishan: Buy NOCIL, Chambal Fertilisers on Business Standard. NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
Nifty has been trading in the downward sloping channel on the daily charts. The current level of Nifty is placed very near to the support derived from this channel. Any close below 14,190 would be considered bearish and trading longs in Nifty should be squared off in that case. On the higher side, 14,560 would play a crucial role as resistance. The sustained level below 14,190 could drag Nifty towards 13,600-odd levels. Stock Recommendations Buy Wipro (469): | Target price: Rs 510| Stop-loss: Rs 443 Wipro has been the best performing stock in the IT sector over the last couple of weeks. Th...