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Technical analysts Shrikant Chouhan of Kotak Securities and Sudarshan Sukhani share their top stock picks for the day.
From Shrikant Chouhan
Shrikant Chouhan's first buy call of the day is on State Bank of India (SBI). He recommends this with a stop loss of ₹640 for an upside target of ₹660-670. Shares have gained more than 1% in the last month.
He recommends a buy call on NMDC with a stop loss of ₹218 for an upside target ₹250-255. The stock is up more than 5% over the last month.
Bharat Petroleum Corporation Ltd (BPCL) is another buy call from Shrikant Chouhan. His recommendation comes with target of ₹530-535 and a stop loss of ₹495. The stock has gained more than 13% in the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Reliance Industries Ltd (RIL). It is now breaking out and is likely to make lifetime new highs. This is not a day trade. Shares have gained more than 9% over the last month.
Manappuram Finance is another buy call from Sudarshan Sukhani. The stock has been broken out, the chances are that among the non-banking financial stocks (NBFCs), it could be an outperformer. The stock has gained more than 8% in the last month.
Lastly, Sukhani recommends a buy on Tata Consumer. The stock is making new highs regularly. Shares are up more than 3% over the last month.
