Top stock recommendations from Anand Rathi: Buy Pidilite, ICICI Lombard

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

NIFTY: BUY | TGT: 12,150 | SL: 11,950

Nifty closed in the negative territory for the second consecutive day, however, it managed to close above 12,000 levels, which is a positive in the short term. The momentum indicator MACD is well in the sell mode with a negative divergence which is a concern in the short term. However, since the price has not confirmed the reversal from up to down, we continue to maintain our short-term bias up for the target of 12,150 with a stop loss of 11,950.

ICICIGI: BUY | TGT: Rs 1,470 | SL: Rs 1,330

The stock has formed