Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Coforge, and BlueStar are the top stocks to buy today:Coforge – Buy in the range between Rs 1760 & Rs 1770; Stop Loss: Rs 1710; Target: Rs 1880Coforge has broken out of a flag pattern 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. 1721, resuming the up trend today. Key resistance is 1800 & 1880 and support is at 1729 and 1710. BlueStar – Buy in the range between Rs 1945 & Rs 1955; Stop Loss: Rs 1875; Target: Rs 2100BlueStar broke out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since two weeks and has taken support at 20 daily moving average i.e. 1854. 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. 2100. Key resistance is at 1983 & 2100 and support is at 1890 and 1875. 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.
