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Nifty Outlook
Nifty rose for the fifth consecutive session on Tuesday to close at new record highs of 13,928. Previous top of 13,772 is expected to interchange its role from resistance to support now. Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511.
Buy ICICI General Insurance (Rs 1,513): | Target: Rs. 1590 | Stop-loss: Rs 1450
