Technical analysts Mitessh Thakkar and Sudarshan Sukhani, along with Rajesh Palviya, VP-Technical & Derivative Research at Axis Securities

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share their top stock picks for the day.

From Mitessh Thakkar

Mitessh Thakkar's first buy for the day is on LTIMindtree. He recommends this with a stop loss below Rs 5,165 for an upside target of Rs 5,300. Shares have remained flat in the last month.

NMDC is another buy recommendation from Thakkar. He advises a stop loss of Rs 116 and a price target of Rs 127. The stock is up more than 4 percent over the last month.

UltraTech Cement is sell for Mitessh Thakkar. His recommendation comes with a target of Rs 7,925 and a stop loss of Rs 8,100. The stock has declined more than 2 percent over the last month.

Glenmark Pharmaceuticals is another sell call, with a stop loss of Rs 807 for a target of Rs 777. Shares are up more than 11 percent over the last month.

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From Sudarshan Sukhani

Hindustan Petroleum Corp is intraday short for Sukhani. He advises traders to keep a stop loss of Rs 267. Shares have declined more than 10 percent over the last month.

UltraTech Cement is another sell from Sudarshan Sukhani and he advises to keep a stop loss above Rs 8,145. The stock has declined more than 2 percent over the last month.

Lastly, Sukhani recommends a buy on Balkrishna Industries. He advises a positional buy with a stop loss under Rs 2,300. Shares have declined more than 2 percent over the past month.

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From Rajesh Palviya

Rajesh Palviya has a buy recommendation on Trent. He is projecting a target of Rs 1,970-1,980 and advises keeping a stop loss at Rs 1,895. The stock has gained more than 13 percent over the past month.

Additionally, he also has a buy on Hindustan Aeronautics with a stop loss of Rs 3,855 and a target of Rs 3,940-3960. Shares have remained flat over the last month.

Lastly, he has a sell call on Laurus Labs. There is sustained selling pressure on the stock, he advises to short the stock with a target of Rs 370 and stop loss at Rs 390. Shares are up more than 8 percent over the last month.

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First Published:Aug 16, 2023 9:33 AM IST