Stock picks by Anand Rathi: Buy SPARC, Dish TV, Motilal Oswal Fin Services

Stock recommendation by Jay Anand Thakkar,CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

NIFTY: BUY

TARGET: 11,150

STOP LOSS: 10,900.

Nifty closed in the negative territory in the last trading session. It, however, has formed a “Harami” Candlestick pattern which indicates that wherever this breakout happens it will lead to a further trend. So, on the lower side, 10,968 is immediate support whereas 11,052 is immediate resistance. The uptrend line support is pegged at 10,900 levels and till those levels are held the target comes to 11,150.
 

SPARC: BUY

TARGET: Rs 183

STOP LOSS: Rs 154

The stock has provided a breakout from the sideways consolidation post a five wave rising structure.