Technical analysts Mitessh Thakkar of earningwaves.com and Shrikant Chouhan, Kotak Securities, along with Manoj Murlidharan, VP, Derivatives at Religare Broking share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar's solitary buy call of the day is on Petronet LNG. He recommends the stock with a stop loss of Rs 232 for an upside target of Rs 242. Its shares have gained more than 7 percent in the last month.
Among the sell recommendations, Thakkar has one on JSW Steel with a stop loss of Rs 780 for a downside target of Rs 740. Shares have remained flat over the last month.
Cummins India is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 1,600 and a stop loss of Rs 1,700. The stock has declined more than 3 percent in the last month.
He also recommends a sell call on Aditya Birla Fashion and Retail Ltd (ABFRL) with a stop loss of Rs 217 for a target Rs 200. The stock is down more than 1 percent over the last month.
From Shrikant Chouhan
Chouhan finds a buying opportunity in Manappuram Finance. He advises traders to keep a stop loss of Rs 142 and a target of Rs 160. Shares have gained more than 2 percent over the last month.
Chouhan’s intraday short is on Wipro. For this he advises a stop loss of Rs 412 and a target of Rs 380-375. Shares have remained flat over the last month.
From Manoj Murlidharan
Manoj Murlidharan has a buy call on Axis Bank with a stop loss of Rs 1,000 and a price target of Rs 1,080 on the upside. The stock was up more than 5 percent in the past month.
Additionally, he also has a buy recommendation on Power Grid with a stop loss of Rs 190 and for an upside target of Rs 218. Shares are up more than 6 percent over the last month.
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