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Top stock recommendations by Anand Rathi: Buy Bank of Baroda, IndusInd Bank

Trading calls 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
NIFTY: BUY | TGT 12,200 | SL: 11,694

Nifty closed in the positive territory in the last trading session and with that it has managed to close above 11,900 levels again. The daily as well as weekly momentum indicator MACD is well in the buy mode, hence we continue to maintain our short-term as well as medium-term bias as positive. The index is likely to inch towards 12,200 till 11,694 levels are held.

BANK OF BARODA: BUY | TGT: Rs 105 | SL: Rs 91.50

The stock has formed a nice inverse head and shoulders pattern which is a bullish reversal pattern. The