Top trading calls by Anand Rathi: Buy HDFC, BEML, Piramal Enterprises

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: 11,750 

STOP LOSS: 11,480

Nifty has taken off its previous swing resistance and with that, the trend continues to be positive. The index is now likely to inch towards 11,750 levels which is just near its all-time highs. On the lower side, it has good support at 11,480; hence, till those levels are held the bulls continue to have an upper hand.

HDFC: BUY 

TARGET: Rs 2,080 

STOP LOSS: Rs 1,902

The stock has reversed from the 50 per cent retracement level and has formed a bullish piercing pattern. On the lower side, it has crucial support at Rs 1,902, whereas the target on