Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Top stock ideas from Anand Rathi Research for today's trade

Jay Anand Thakkar/Mumbai 12 Jun 18 | 06:00 AM

Photo: Shutterstock.com

NIFTY: BUY 

Related Stories

    No Related Stories Found
Widgets Magazine

TGT: 10,920 

SL: 10,670


The index has closed in the positive territory and it continues to form higher tops and higher bottoms on the daily chart. The hourly momentum indicator has come well into buy mode along with the daily momentum indicator which is also quite positive. Now, on the lower side, 10670 which is its previous swing low is a crucial support and till those levels are held the bias remains up for the target of 10920.


Glenmark:  BUY 

TGT: Rs 590 

SL: Rs 545


Glenmark has clearly provided a breakout from the falling wedge pattern on the daily charts along with a buy crossover in its momentum indicator MACD both on the daily as well as weekly charts. The weekly indicator has been showing positive divergence since one year, hence we continue to maintain our bias positive on Glenmark for the target of 590 with a stop loss of 545.


NCC: BUY 

TGT: Rs 121.50 

SL: Rs 108


NCC has started to form higher tops and higher bottoms on the hourly charts with a buy crossover in its hourly momentum indicator MACD. The daily momentum indicator MACD has again come into buy mode which is quite positive for the stock. The previous rise was an impulse move i.e. a five waves rising structure and with reversal another impulse on the way up is expected.

The author is Jay Anand Thakkar, Assistant Vice President - Equity Research at Anand Rathi.


Disclaimer: He may / may not have positions in the stocks mentioned above.

Widgets Magazine

Sensex

Company Price Gain (%)
ITC266.150.76
Dr Reddy's Labs2,394.700.61
O N G C164.850.30
HDFC Bank2,025.400.20
H D F C1,826.700.11

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine