Top trading calls by Anand Rathi: Buy TCS, Tech Mahindra

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

NIFTY: BUY 

TARGET: 10950 

STOP LOSS: 10790

Nifty has reversed well from the lower end of the symmetrical triangular pattern and now it seems that wave e of a bullish ascending triangle is over. On the lower side, the support is pegged at 10790 whereas the target comes to 10950 levels.

TCS: BUY 

TARGET: Rs 1,947 

STOP LOSS: Rs 1,875

The stock has formed an inverse head and shoulders pattern which is a bullish reversal pattern. The stock has also provided a breakout from a downward sloping parallel