Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Naukri, and Tata Motors are the top stocks to sell today:Naukri – Sell in the range between Rs 1375 & Rs 1365; Stop Loss: Rs 1415; Target: Rs 1320Naukri has broken an upward sloping trendline on the downside and trading below 200 DMA i.e. 1441. Momentum indicators have also given a negative crossover around the zero line. The stock has been consolidating in a broad range since last month and has closed below 20 daily moving average i.e. 1415, resuming the downtrend. The stock is expected to continue the downtrend till the previous swing low i.e. 1320. Key resistance is 1399 & 1415 and support is at 1354 and 1320. Tata Motors – Sell in the range between Rs 655 & Rs 650; Stop Loss; Rs 678; Target: Rs 585Tata Motors has broken down a small consolidation pattern and has resumed the downtrend. The stock has been consolidating since last month and has taken resistance at the 20 daily moving average i.e. 678. Momentum indicator has given negative crossover below the zero line. The stock is expected to continue the downtrend till the previous swing low i.e. 585. Key resistance is at 670 & 678 and support is at 610 and 585. 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.
