2 stock picks by Osho Krishan of Anand Rathi: Buy LIC Housing, Adani Ports

LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone

BUY ADANI PORTS | TARGET: Rs 900 | STOP LOSS: Rs 645

ADANIPORTS has been hovering near the 50% of the Fibonacci retracement of the recent fall and even has seen a smart recovery to surpass all the major exponential moving averages on the daily chart. Also, the stock has witnessed a bullish crossover of short-term exponential moving average to the medium-term suggesting the sluggishness to fade away in the counter. The stock is expected to outperform the broader index in the near future. Hence looking at the technical set up it is advisable to accumulate the stock from a