Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Manoj Murlidharan, VP-Derivatives, Religare broking share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar's first buy call of the day is on Tech Mahindra. He recommends this with a stop loss of Rs 1,234 for an upside target of Rs 1,300. Shares have gained more than 6 percent in the last month.
He recommends a buy call on IRCTC with a stop loss of Rs 690 for an upside target Rs 725. The stock is up more than 8 percent over the last month.
Motherson Sumi is another buy call from Mitessh Thakkar. His recommendation comes with target of Rs 106.50 and a stop loss of Rs 100. The stock has gained more than 2 percent in the last month.
His solitary sell recommendation is on Aurobindo Pharma with a stop loss of Rs 833 for a downside target of Rs 790. Shares have declined more than 4 percent over the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Balkrishna Industries. He advises traders to keep a stop loss of Rs 2,300. Shares have remained flat over the last month.
Sukhani's only intraday short is on Godrej Consumer Products Ltd (GCPL). For this he advises a stop loss of Rs 1,011. Shares are down more than 2 percent over the last month.
Glenmark Pharma is another buy call from Sudarshan Sukhani. Stop loss is to be placed at Rs 750. The stock has declined more than 6 percent in the last month.
Lastly, Sukhani recommends a buy on United Spirits Ltd (USL). He advises a stop loss of Rs 980. Shares are up more than 1 percent over the last month.
From Manoj Murlidharan
Manoj Murlidharan has a buy call on Coal India with a price target of Rs 460 on the upside. The stock was up more than 6 percent in the past month.
Additionally, he also has a buy recommendation on Marico with a stop loss of Rs 560 and for an upside target of Rs 595. Shares have remained flat over the last month.
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