Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Rajesh Palviya, Axis Securities share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar's first buy call of the day is on Godrej Consumer Products. He recommends this with a stop loss of ₹1,004 for an upside target of ₹1,055. Shares have gained more than 5% in the last month.
He recommends a buy call on Britannia Industries, with a stop loss of ₹4,620 for targets ₹4,730. Shares are up more than 3% over the last month.
Among the buy recommendations, Thakkar has one on ICICI Prudential Life Insurance with a stop loss of ₹526 for a downside target of ₹560. Shares have remained flat over the last month.
Thakkar’s only sell call is on Maruti Suzuki with a stop loss of ₹10,350 for a target ₹10,000. Shares have remained flat over the past month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Cipla. He advises traders to keep a stop loss of ₹1,195. Shares have gained more than 4% over the last month.
Sukhani's only intraday short is on Bata. For this he advises a stop loss of ₹1,565. Shares have declined more than 5% over the last month.
HCL Technologies is another buy call from Sukhani. Stop loss is to be placed at ₹1,260. The stock has gained more than 2% in the last month.
Lastly, Sukhani recommends a buy on Britannia Industries. He advises a stop loss of ₹4,560. Shares are up more than 3% over the last month.
From Rajesh Palviya
Palviya has a buy call on Federal Bank with a stop loss of ₹143 and a price target of ₹155-158 on the upside. The stock has remained flat over the past month.
Additionally, he has a buy recommendation on Gail with a stop loss of ₹121 and an upside target of ₹134-136. Shares are up more than 3% over the last month.
Lastly, Palviya recommends a buy on Hindustan Aeronautics. He advises a stop loss of ₹1,980 and a target price of ₹2,090-2,021. The stock has gained more than 5% in the last month.
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