Technical analysts Mitessh Thakkar, Technical Analyst, and Sudarshan Sukhani of Technical Trends share their top stock picks for the day.

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From Sudarshan Sukhani

Sukhani finds a buying opportunity in Aditya Birla Capital. The stock had a very messy correction, but that correction seems to be over and yesterday was a good day. He advises traders to keep a stop loss of Rs 180. Shares have gained more than 4 percent over the last month.

Bajaj Auto is another buy call from Sudarshan Sukhani. The stock is in a consolidation after a rally. Stop loss is to be placed at Rs 4,800. The stock has gained more than 6 percent in the last month.

Sukhani's only intraday short is on Indiabulls Housing Finance. It is a very messy chart, big wide range bars on the downside. For this he advises a stop loss of Rs 123. Shares are up more than 5 percent over the last month.

Lastly, Sukhani recommends a buy on IndusInd Bank. The stock has been outperforming Nifty and Bank Nifty. It had a big wide range bar yesterday after three days of small declines. He advises to make this in a positional trade with a stop loss of Rs 1,390. Shares are up more than 9 percent over the last month.

From Mitessh Thakkar

Mitessh Thakkar's first buy call of the day is on M&M Finance. He recommends this with a stop loss below Rs 315 for an upside target of Rs 335. Shares have gained more than 5 percent in the last month.

He recommends a buy call on E I D-Parry with a stop loss of Rs 470 for an upside target Rs 500. The stock is up more than 2 percent over the last month.

SRF is sell call from Mitessh Thakkar. His recommendation comes with target of Rs 2,188 and a stop loss of Rs 2,050. The stock has declined more than 11 percent in the last month.

Thakkar’s second sell call is on Godrej Consumer Products. It is a conditional sell if it starts trading below yesterday’s low of Rs 1,030- sell with a stop loss of Rs 1,045 and targets of Rs 1,000-990. Shares have remained flat over the last month.

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