Stock calls by Anand Rathi: Buy Bajaj Finserv, CESC and OFSS

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: 12,300 

STOP LOSS: 12,020

Nifty closed in the positive territory in the last trading session and it has provided a breakout from the ascending triangular pattern formed on the hourly charts. The index has formed a new lifetime high and the momentum indicator MACD (moving average convergence divergence) has also provided a buy crossover on the hourly, daily, weekly and monthly charts which is quite positive going ahead. 

BAJAJ FINSERV: BUY 

TARGET: Rs 9,000 

STOP LOSS: Rs 8,190

The stock has provided a breakout from the symmetrical triangular pattern on the daily chart which is quite positive in the short term. The daily as