Three stocks that Jay Anand Thakkar of Anand Rathi is bullish on

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.

NIFTY: BUY 

TARGET: 12,020 

STOP LOSS: 11,849

Nifty closed in the positive territory in the last trading session and with that it has settled in the green for the second consecutive trading session. The moving average convergence divergence (MACD) on the daily chart is still in the positive territory. Hence, there is a possibility of an extension. So, we recommend buying Nifty for the target of 12,020 with a stop loss of 11,849.

MOTHERSON SUMI: BUY 

TARGET: Rs 130 

STOP LOSS: Rs 115

The stock has provided a breakout from the falling wedge i.e. an ending diagonal pattern which is a bullish reversal pattern. The stock seems