Stock recommendations by Anand Rathi: Buy Shriram Transport Finance, HUL

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

NIFTY: BUY | TGT: 12,300 | SL: 121,25

Nifty closed well in the positive territory in the last trading session with a clear buy crossover in its daily as well as weekly momentum indicator MACD. The Index has bounced back quite a lot and now it has to take off 12,300 on immediate basis in order to come out of the range. On the lower side, there exists a support at 12,125, so till it’s not broken the probability of an upside is quite high.

SHRIRAM TRANSPORT FIN: BUY | TGT: 1,220 | SL: 1,097

The stock has formed a nice ascending triangular