Top stock recommendations from Anand Rathi: Buy Infosys, HDFC Bank

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

NIFTY: BUY | TGT 12,000 | SL: 11,780

Nifty closed in the positive territory in the last trading session and with that it has managed to close above 11,850 levels. The Index seems to have completed a three wave falling structure on the hourly charts and with that wave 4 seems to have completed and wave 5 up seems to have resumed. So, we recommend buying it for the target of 12,000 with a stop loss of 11,780.

HDFC BANK: BUY | TGT: Rs 1,330 | SL: Rs 1,255

The stock has provided a breakout from the falling channel and with that it