Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Sun Pharma, and Bharti Airtel are the top stocks to buy today:Sun Pharma – Buy in the range between Rs 1652 & Rs 1665; Stop Loss: Rs 1616; Target: Rs 1720Sun Pharma has broken out of a small triangle and is expected to resume the uptrend. Momentum indicators have also given a positive crossover around the zero line. The stock has been consolidating in a broad range since last week and has closed above 20 daily moving average i.e. 1644, resuming the up trend today. Key resistance is 1690 & 1720 and support is at 1634 and 1616. Bharti Airtel – Buy in the range between Rs 1922 & Rs 1934; Stop Loss: Rs 1870; Target: Rs 2045Bharti Airtel is forming a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last month and has taken support at 20 daily moving average i.e. 1910. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the previous swing high i.e. 2045. Key resistance is at 1970 & 2045 and support is at 1900 and 1870.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.
