Technical buy and sell calls by Chandan Taparia of Anand Rathi

Here are a few trading ideas from Chandan Taparia of Anand Rathi for Thursday's session:

BUY ICICI BANK

The stock gave a breakout from its consolidation phase and moved above its 50-DMA. It edged higher above its 261 levels which were acting as a hurdle from last three weeks. It is also taking support near to its lower band of the rising channel which also provides a better risk reward ratio at current levels.  Thus, one can buy the stock with the stop loss of Rs 256 for the upside immediate target of Rs 271.

BUY LIC HOUSING FINANCE

The