Stock recommendations from Anand Rathi: Buy HDFC Bank, Bajaj Finserv

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

NIFTY: BUY

TARGET: 11,710

STOP LOSS: 11,480

Nifty closed in the positive territory and it has achieved our short term target of 11550, now above 11625 it will zoon towards 11710 levels. The daily as well as hourly momentum indicator MACD has provided a buy crossover, hence the trend remains bullish. So, we recommend buying Nifty for the target of 11710 with a stop loss of 11480.

BAJAJ FINSERV: BUY

TARGET: Rs 8,600

STOP LOSS: Rs 8,100

The stock has provided a breakout from the falling channel on the daily charts with a buy crossover in