Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, CDSL and Indian Bank are the top stocks to buy today:CDSL – Buy in the range between Rs 1290 & 1270; Stop Loss: Rs 1245; Target: Rs 1378CDSL has broken out of a downward sloping trend line and expected to resume the uptrend. Momentum indicators have also given a positive crossover below the zero line. The stock has been consolidating in a broad range since a few trading sessions and has closed above 20 hourly moving average i.e.1270, resuming the up trend today. The stock is expected to continue the up trend till the previous swing high i.e. 1378. Key resistance is 1334 & 1378 and support is at 1260 and 1245.Indian Bank – Buy in the range between Rs 570 & 580; Stop Loss: Rs 552; Target: Rs 615Indian Bank has broken out of a downward sloping trend line and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 40 daily moving average i.e. 552. Momentum indicator has given positive crossover above the zero line. The stock is expected to continue the up trend till the previous swing high i.e. 615. Key resistance is at 600 & 615 and support is at 560 and 552. 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.
