Nifty outlook & stock calls by Anand Rathi: Buy TCS, Torrent Pharma

Invest in NIFTY | Focus on: eleven,650 | Halt Decline: eleven,450

The Nifty index observed the help of a soaring trend line and rebounded from the same. The momentum indicators and oscillators on the weekly scale are extremely very well in ‘buy’ manner. As a result, one particular need to stay on the lengthy side of the Nifty index and utilise every single dip as a getting prospect until the time it does not split its big trend line which is placed at eleven,450 amounts.

Invest in TCS | Focus on: Rs two,360 | Halt Decline: Rs two,260

The inventory has provided a breakout from a descending triangle sample on the everyday chart. It is trading very well previously mentioned its short-term and lengthy-term transferring averages. The momentum indicators and oscillators are extremely very well in the ‘buy’ manner on everyday as very well as weekly scales which hints of a additional optimistic momentum in the counter. It has also surpassed its 21-DMA which is placed at two,260 which will now act as instant help.

Invest in TORNTPHARMA | Focus on: Rs two,900 | Halt Decline: Rs two,740

The counter has provided a breakout from a slipping channel and the momentum indicator RSI has also reversed from the oversold territory. It also trading very well previously mentioned its lengthy term 200-day uncomplicated transferring average. The over-all pharma sector is poised for a breakout on the charts.

Invest in KEC | Focus on: Rs 350 | Halt Decline: Rs 310

The inventory is in a secular uptrend and also generating a increased major and increased bottom formation on the everyday chart. The counter has reversed immediately after witnessing some earnings booking from increased amounts. The momentum indicator and oscillator are in ‘buy’ manner on the weekly scale which hints of additional optimistic momentum in the counter.

Disclaimer: Nilesh Jain is Complex and Derivatives Study analyst at Anand Rathi Shares and Inventory Brokers. He may possibly have positions in one particular or all of the previously mentioned stated shares. Views are personalized.