Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Rajesh Palviya, VP Technical And Derivative Research at Axis Securities share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar's solitary buy call of the day is on Bajaj Finance. He recommends this with a stop loss of Rs 7,860 for an upside target of Rs 8,100. Shares have gained more than 9 percent in the last month.
Among the sell recommendations, Thakkar has one on HDFC Bank with a stop loss of Rs 1,528 for a downside target of Rs 1,465. Shares have declined more than 5 percent over the last month.
ICICI Bank is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 915 and a stop loss of Rs 951. The stock has declined more than 3 percent in the last month.
He also recommends a sell call on Mahindra and Mahindra (M&M) with a stop loss of Rs 1,555 for a target Rs 1,470. The stock is down more than 3 percent over the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Canara Bank. He advises traders to keep a stop loss of Rs 373. Shares have gained more than 13 percent over the last month.
Hindustan Copper is another buy call from Sudarshan Sukhani. Stop loss is to be placed at Rs 159. The stock has declined more than 6 percent in the last month.
He recommends intraday short is onJSW Steel. For this he advises a stop loss of Rs 776. Shares are down more than 5 percent over the last month.
Lastly, Sukhani also recommends a sell on PI Industries. He advises a stop loss of Rs 3,450. Shares are down more than 6 percent over the last month.
From Rajesh Palviya
Rajesh Palviya has a buy call on DLF with a stop loss of Rs 525 and a price target of Rs 555-560 on the upside. The stock was up more than 4 percent in the past month.
Additionally, he also has a buy recommendation on Cholamandalam Investment and Finance Company with a stop loss of Rs 1,235 and for an upside target of Rs 1,280-1,290. Shares are up more than 12 percent over the last month.
He has a buy call on Larsen and Toubro (L&T) with a stop loss of Rs 3,045 and a target of Rs 3,125-3,140. Stock has gained more than 12 percent in the past month.
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