2 stocks ideas by Osho Krishan of Anand Rathi: HDFC Life, Cummins India

CUMMINS INDIA is trading in a rising channel and is currently placed near the lower band of the channel signalling a near-term resurgence

BUY HDFC LIFE INSURANCE COMPANY LTD | TARGET: 760 | STOP LOSS: 670

HDFC LIFE has corrected nearly 10 per cent from its all-time high and eventually retraced over 50 per cent on the Fibonacci retracement of the recent rally. In the last trading day, the stock has witnessed some buying interest near the 200 DEMA on the daily chart that historically has been a strong support zone for the counter. On the oscillator front, 14 period RSI is also placed to its historical support zone and with a reversal sign in the last session, it is indicating an