Top stock recommendations by Anand Rathi: Buy Asian Paints, Cummins

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

NIFTY: SELL

TARGET: 11,183

STOP LOSS: 11,425

Nifty closed in the positive territory in the last trading session. The move, however, on the hourly charts appears to be a corrective one, hence the probability of a downside till 11,183 is quite high in the short term till the swing high of 11,425 levels aren’t taken off.

ASIAN PAINTS: BUY

TARGET: Rs 1,880

STOP LOSS : Rs 1,750
 

The stock has provided a breakout from the falling channel on the daily charts with a buy crossover in its daily momentum indicators. It seems to have completed a wave