Ashish Kyal of Waves Strategy Advisors, has identified two standout stock selections for the current day: Piramal Enterprises and Max Financials.

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One of Ashish Kyal's standout picks for the day is Piramal Enterprises, he points out that the stock has recently experienced a robust breakout from a triangle pattern, and this breakout is supported by increasing trading volumes.

Piramal Enterprises is currently trading at a level that has garnered attention from investors. The stock has surged by more than 10 percent over the past month, indicating a growing interest in the company. Kyal believes that this trend is set to continue, making it an attractive choice for long positions.

For those looking to enter the market with Piramal Enterprises, Kyal recommends creating long positions and setting a stop loss at Rs 1,088. This stop loss provides a safety net to protect against adverse price movements while aiming for a target price of Rs 1,200 on the upside.

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Max Financials is another stock that Ashish Kyal has his eye on, and it's not hard to see why. Within the financial services sector, Max Financials has distinguished itself as a strong performer. The stock is currently trading near its 52-week high levels, a clear indicator of its positive momentum.

Kyal's analysis suggests that Max Financials has ample room for growth from its current position. For those considering an investment in Max Financials, Kyal advises creating long positions with a stop loss at around Rs 920. This stop loss serves as a safeguard against unexpected market fluctuations while targeting a price level of Rs 1,020 on the upside.

Shares of Max Financials have gained more than 14 percent in the last month.

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