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 first buy call of the day is on HDFC Life. He recommends this with a stop loss below Rs 630 for an upside target of Rs 660. Shares have declined more than 3% in the last month.
He recommends a buy call on Britannia Industries with a stop loss of Rs 4,585 for an upside target Rs 4,720-4,725. The stock has remained flat over the last month.
Among the sell recommendations, Thakkar has one on Bandhan Bank with a stop loss of Rs 245 for a downside target of Rs 225. Shares have declined more than 1% over the last month.
Divi’s Laboratories is another sell call from Mitessh Thakkar. His recommendation comes with target of Rs 3,700 and a stop loss of Rs 3,550. The stock has declined more than 3% in the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Berger Paints. He advises traders to keep a stop loss of Rs 550. Shares have declined more than 7% over the last month.
Sukhani's intraday short is on IndiaMART. For this he advises a stop loss of Rs 2,850. Shares are down more than 6% over the last month.
Info Edge is another sell call from Sudarshan Sukhani. Stop loss is to be placed at Rs 4,165. The stock has declined more than 6% in the last month.
Lastly, Sukhani recommends a buy on LIC Housing Finance. He advises a stop loss of Rs 642. Shares are up more than 4% over the last month.
From Rajesh Palviya
Rajesh Palviya has a buy call on Can Fin Homes with a stop loss of Rs 755 and a price target of Rs 795-800 on the upside. The stock was down more than 1% in the past month.
Additionally, he has a buy recommendation on Coal India with a stop loss of Rs 312 and for an upside target of Rs 330-335. Shares are up more than 13% over the last month.
Palviya also recommends to buy Godrej Consumer with a stop loss of Rs 985 for a target of Rs 1,030-1,040. The stock has remained flat in the last month.
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