Top trading calls by Anand Rathi: Buy DB Corp, GAIL and Indian Bank

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

NIFTY: BUY 

TARGET: 10,900 

STOP LOSS: 10,745

Nifty closed almost flat on the last day of February, which also was the F&O expiry day. The index seems to have completed wave B correction and wave C is quite likely up. The minimum target on the upside comes at 10,900 whereas the support is pegged at 10,745 level.

DB CORP: BUY 

TARGET: Rs 190 

STOP LOSS: Rs 173

The stock has formed a symmetrical triangular pattern which is a bullish reversal pattern. The wave E of the same is over and now wave C of a bounce back is expected. Hence,