Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Chandan Taparia, Derivative and Technical Analyst at Motilal Oswal Financial Services share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar's first buy call of the day is on Infosys. He recommends this with a stop loss below Rs 1,320 for an upside target of Rs 1,375. Shares have gained more than 2 percent in the last month.
He recommends a buy call on Tata Consultancy Services (TCS) with a stop loss of Rs 3,250 for an upside target Rs 3,370. The stock has remained flat over the last month.
RBL Bank is another buy call by Thakkar with a stop loss of Rs 177.50 for a target of Rs 190. Shares have gained more than 5 percent over the last month.
Ambuja Cements is the solitary sell call from Mitessh Thakkar. His recommendation comes with target of Rs 405 and a stop loss of Rs 435. The stock has declined more than 1 percent in the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Bharat Electronics Ltd (BEL). He advises traders to keep a stop loss of Rs 116. Shares have gained more than 8 percent over the last month.
Second buy recommendation from Sukhani is on Britannia Industries. For this he advises a stop loss of Rs 4,900. Shares are up more than 6 percent over the last month.
Eicher Motors is another buy call from Sudarshan Sukhani. Stop loss is to be placed at Rs 3,450. The stock has declined more than 1 percent in the last month.
Lastly, Sukhani recommends a buy on Tata Motors. He advises a stop loss of Rs 575. Shares are up more than 10 percent over the last month.
From Chandan Taparia
Chandan Taparia has a buy call on Mahindra and Mahindra (M&M) with a stop loss of Rs 1,415 and a target of Rs 1,500 on the upside. The stock was up more than 6 percent in the past month.
Additionally, he also has a buy recommendation on Larsen and Toubro (L&T) with a stop loss of Rs 2,435 and a target of Rs 2,580-2,600. Shares are up more than 9 percent over the last month.
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