Business
The short-term target for the Nifty is 11653 whereas the reversal is pegged at 11480
Updated : Aug 21, 2018, 05:50 AM IST
The markets are likely to inch higher in the short term. The short-term target for the Nifty is 11653 whereas the reversal is pegged at 11480.
Pidilite, Bajaj Auto, Voltas, Raymond, Persistent
Auto, Pharma, Private and the PSU Banks.
Nifty is rising well in an upward sloping parallel channel and its trading well in its wave five up. Minimum target on upside which is equality of wave one comes to 11800 levels.
PSU Banks, Auto, Pharma, Capitals Goods, Metals and Oil and Gas sectors were well in the uptrend.
Jay Anand Thakkar, CMT- assistant VP, Equity Research, Anand Rathi