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 City Union Bank. He recommends this with a stop loss of ₹134 for an upside target of ₹142. Shares have gained more than 5% in the last month.
Among the sell recommendations, Thakkar has one on ACC with a stop loss of ₹1,986 for a downside target of ₹1,890. Shares have declined more than 1% over the last month.
He recommends a sell call on Bharat Electronics Ltd (BEL) with a stop loss of ₹136 for a target ₹127. The stock is down more than 1% over the last month.
Hindustan Aeronautics Ltd (HAL) is another sell call from Mitessh Thakkar. His recommendation comes with target of ₹1,840-1,835 and a stop loss of ₹1930. The stock has remained flat in the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Berger Paints. He advises traders to keep a stop loss of ₹570. Shares have declined more than 5% over the last month.
Sukhani's only intraday short is on IRCTC. For this he advises a stop loss of ₹704. Shares have remained flat over the last month.
Birlasoft is another buy call from Sudarshan Sukhani. Stop loss is to be placed at ₹525. The stock has gained more than 11% in the last month.
Lastly, Sukhani recommends a buy on TVS Motor. He advises a stop loss of ₹1,590. Shares are up more than 5% over the last month.
From Chandan Taparia
Chandan Taparia has a buy call on Persistent Systems with a stop loss of ₹5,780 and a price target of ₹6,150 on the upside. The stock has remained flat in the past month.
Additionally, he has a buy recommendation on Colgate Palmolive (India) with a stop loss of ₹2,070 and for an upside target of ₹2,180. Shares are up more than 5% over the last month.
He also recommends buying MCX with a stop loss of ₹2,230 and a target of ₹2,350. Shares have gained more than 21% in the past month.
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