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Top stock picks by Anand Rathi: Buy Marico, SRF, Apollo Hospitals

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

Markets, Buy, Sell, Stocks, Shares
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Jay Anand Thakkar Mumbai
BUY NIFTY

TARGET: 11,250

STOP-LOSS: 10,950

The Nifty closed almost flat in Monday's trading session. However, the daily momentum indicator is still in the buy mode, and hence, the probability of an upward breakout is still high. The Index has completed wave Y on the lower side and wave X bounce is expected. On the lower side, the support is pegged at 10,900 levels whereas the target is 11,250.

BUY MARICO

TARGET: Rs 425

STOP-LOSS: Rs 375

The stock has provided a breakout from the symmetrical triangular pattern with a buy crossover in its daily as