Technical analysts Mitessh Thakkar of earningwaves.com and Shrikant Chouhan, Executive Vice President, Kotak Securities, along with Manoj Murlidharan, Vice President 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 Godrej Properties. He recommends this with a stop loss below ₹1,689 for an upside target of ₹1,765. Shares have gained more than 10% in the last month.
He recommends a buy call on NMDC with a stop loss of ₹156 for an upside target ₹170. The stock is up more than 7% over the last month.
MRF is another buy call from Mitessh Thakkar. His recommendation comes with target of ₹1,13,500 and a stop loss of ₹1,09,200. The stock has gained more than 1% in the last month.
Thakkar’s final buy call for the day is on Balrampur Chini Mills with a stop loss of ₹417 for a target of ₹440. Shares have remained flat over the last month.
From Shrikant Chouhan
Chouhan finds a buying opportunity in Axis Bank. He advises traders to keep a stop loss of ₹970 for a target of ₹1,020-1,025. Shares have declined more than 5% over the last month.
Polycab India is another buy call from Shrikant Chouhan. Stop loss is to be placed at ₹ 4,975 and a target of ₹5,200-5,250. The stock has declined more than 6% in the last month.
From Manoj Murlidharan
Manoj Murlidharan has a buy call on UBL with a stop loss of ₹1,600 and a price target of ₹1,660 on the upside.
Additionally, he also has a buy recommendation on SBI Life with a stop loss of ₹1,328 and for an upside target of ₹1,402.
Shares of both the companies are up more than 3% over the last month.
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