Stock market recommendations: According to Somil Mehta, the lead – alternative research, capital market strategy, Mirre Asset Sharekhan, Dabur and Gayle are the top stocks to buy today:Dabur – Buy at the range of Rs 480 & Rs 488; Stop Loss: Rs. 467; Target: Rs 519Dabur is out of the lower sliding trend line and uptrend is expected to resume. Momentum indicators have also given a positive crossover below the zero line. Stock has been integrated into a broad range since last month and has shut down above 20 daily moving average IE477, to resume your trend today. The stock is except for the previous swing high IE 519 to continue UP’s trend. The major resistance is 494 and 519 and the support is at 477 and 467.GAIL – Buy within the range between Rs 188 and Rs 191; Stop Loss: Rs 182; Target: Rs 213Gayle is out of a fast flag pattern and uptrend is expected to resume. The stock has been consolidated since last week and has taken support at 40 daily moving average IE 182. The Momentum Indicator has given a positive crossover below the zero line. The stock is leaving the previous swing high IE 213 to continue UP’s trend. The major resistance is at 197 and 213 and support is at 182 and 178. Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
