Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, L&T Finance and Aarti Industries are the top stocks to buy today:
L&T Finance – Buy in the range between Rs 148 & Rs 150; Stoploss: Rs 141; Target: Rs 160
L&T Finance has taken support at 20 Daily Moving average i.e. 143 and has broken a small consolidation on the upside today. The momentum indicator has also given a fresh positive crossover below the zero line. The stock has corrected from the peak of 194.20 to the lows of 129.20 and the stock is expected to bounce for a 50% retracement i.e. 161. Key support at 143 & 134 and resistance at 153 and 161.
Aarti Industries – Buy in the range between Rs 440 & 460; Stoploss: Rs 405; Target Rs 533
Aarti Industries has formed a small inverted head and shoulder pattern taking support at 20 Daily Moving average i.e. 435. Momentum indicator has also given a fresh positive crossover trading below the zero line. The stock has corrected from the peak of 765.50 to the lows of 390.25 and the stock is expected to bounce for a 38% retracement i.e. 533. Key support at 435 & 405 and resistance at 473 and 533.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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I’m JP, a 26-year-old from Odisha, India 🇮🇳 and the founder of newsxbyte.com 📰. I write articles and news on a variety of topics, including business, finance 💼, and exam updates 📚. With a passion for journalism and digital content, I strive to keep my readers informed and engaged with the latest updates and insights.
