Top trading calls by Anand Rathi: Buy TCS, Axis Bank

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

BUY NIFTY: 

TARGET: 11,850

STOP LOSS: 11,620

The Nifty closed in the positive territory in the last trading session and with that it is expected to move towards the upper end of the range. The daily momentum indicator, however, is still in the 'sell' mode which may make the Index trade within the range of 11,550-11,850 levels. However, the trend prior to this breakout was up, hence the breakout is likely to be on the upside.

BUY ICICIPRULI
 

TARGET: Rs 390

STOP LOSS: 358

The stock has provided a breakout from the symmetrical triangular pattern and it has managed to close