Stock recommendations from Anand Rathi: Buy Asian Paints, IndiGo

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

NIFTY: BUY | TGT 12,200 | SL: 11,900

Nifty closed in the positive territory in the last trading session and with that it has managed to close above 12,000 levels which is very positive in the short term. On the lower side, 11,900 is a crucial support and till the level is held, the probability of Nifty inching towards 12,200 is quite high, hence we recommend buying Nifty for the target of 12,200 with a stop loss of 11,900.

COLPAL: BUY | TGT: Rs 1,670 | SL: Rs 1,570

The stock has provided a breakout from an ascending triangular pattern with a clear