The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index
The analyst from Anand Rathi recommends to buy these stocks based on a positive technical set-up
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there
Nifty is expected to surpass the intraday all-time high of 16,702
The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index
If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.
The benchmark indices have witnessed a 4 per cent rise so far in CY18. We take a look at some of the stocks that are likely to deliver decent returns in the coming year.
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Stock recommendations from Chandan Taparia of Anand Rathi