Stock calls by Anand Rathi: Buy Adani Ports, Hero MotoCorp, HDFC

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares, and Stock Brokers.

NIFTY: BUY

TARGET: 12,100 

STOP LOSS: 11,658

Nifty has closed in positive territory and the index has completely reversed from bear trend into bull trend. The daily momentum indicator (DMI) has provided a buy crossover, hence, we recommend buying for the target of 12,100 with a stop loss of 11,658.

ADANIPORTS: BUY

TARGET: Rs 434

STOP LOSS: Rs 399

The stock has provided a breakout from the multiple swing resistance and it has managed to close above its crucial hurdle of Rs 400 levels. The stock is now likely to inch towards its next swing resistance of Rs 434 which is its short term target whereas Rs