Top trading ideas by Anand Rathi: Buy McDowell, Cipla; Sell ICICI Bank

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

NIFTY: SELL

TGT: 11,400

SL: 11,653

Nifty closed in the negative territory yesterday and the Index appears quite likely to fill the gap on the lower side. The Index has again taken a good support at the upper end of the gap. The probability of gap filling, however, is quite high. Hence, till the gap isn’t filled, one can sell Nifty for the target of 11,400 with a stop loss of 11,653.

ICICI Bank : SELL

TGT: Rs 407

SL: Rs 436

The stock has provided a breakdown from the symmetrical triangular pattern on the lower side with a clear