Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Jio Finance, and Varun Beverages Limited (VBL) are the top stocks to buy today:Jio Finance – Buy in the range between Rs 326 & Rs 330; Stop Loss: Rs 319; Target Rs 345Jio Finance has formed a flag pattern and is expected to break out on the upside. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 10 daily moving average i.e. 320, resuming the uptrend today. The stock is expected to continue the uptrend till the previous swing high i.e. 345. Key resistance is 332 & 345 and support is at 323 and 319. VBL – Buy in the range between Rs 462 & Rs 466; Stop Loss: Rs 449; Target: Rs 493Varun Beverages Limited has broken out of an Ending Diagonal pattern and has resumed the uptrend. The stock has been consolidating since last month and has taken support at the lower end of the Bollinger band i.e. 445. Momentum indicator has given positive crossover below the zero line. The stock is expected to continue the uptrend till the previous swing high i.e. 493. Key resistance is at 475 & 493 and support is at 458 and 449. 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.
