Top trading calls by Anand Rathi: Buy Schneider Electric and Bajaj Finance

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

NIFTY: BUY 

TARGET: 10,790 

STOP LOSS: 10,595

Nifty closed in the positive territory in the last trading session and it seems to be breaking out of the range. The target on the upside comes to 10,790 levels whereas the support on the lower side comes to 10,595 levels. The momentum indicator also supports the up move. 

Schneider Electric: BUY

TARGET PRICE: Rs 150 

STOP LOSS: Rs 105

The stock has formed an inverse head and shoulder pattern on the daily charts which is a bullish reversal pattern. The momentum indicator has also provided a buy crossover which is again a positive sign for the stock, hence we