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.
From Mitessh Thakkar
Mitessh Thakkar's first buy call of the day is on RBL Bank. He recommends this with a stop loss of ₹229.50 for an upside target of ₹244. Shares have declined more than 8% in the last month.
He recommends a buy call on Kotak Mahindra Bank with a stop loss of ₹1,749 for an upside target ₹1,805. The stock is up more than 2% over the last month.
Reliance Industries Ltd (RIL) is another buy call from Mitessh Thakkar. His recommendation comes with a target of ₹2,950 and a stop loss of ₹2,870.
Thakkar also recommends buying Cummins India with a stop loss of ₹2,740 for a target of ₹2,900. Shares have gained more than 8% over the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Bajaj Finance. He advises traders to keep a stop loss of ₹6,367. Shares have gained more than 1% over the last month.
Sukhani's intraday short is on SBI Cards. For this, he advises a stop loss of ₹721. Shares are down more than 5% over the last month.
Sun Pharmaceutical Industries is another sell call from Sudarshan Sukhani. Stop loss is to be placed at ₹1,603. The stock has remained flat in the last month.
Lastly, Sukhani recommends a buy on Kotak Mahindra Bank. He advises a stop loss of ₹1,689.
From Chandan Taparia
Chandan Taparia has a buy call on Maruti Suzuki Ltd with a stop loss of ₹11,700 and a price target of ₹12,500 on the upside. The stock was up more than 4% in the past month.
He also has a buy recommendation on Cummins India with a stop loss of ₹2,730 for an upside target of ₹2,840.
Additionally, he recommends buying State Bank of India (SBI) with a stop loss of ₹722 and a target of ₹760-765. Shares are down more than 3% over the last month.
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