Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tata Tech, and NCC Ltd are the top stocks to sell today:Tata Tech – Sell in the range between Rs 702 & Rs 698; Stoploss: Rs 723; Target: Rs 640Tata Tech has formed a flag pattern on the daily chart and is expected to break out on the downside. 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. 715, resuming the downtrend. The stock is expected to continue the downtrend till the previous swing low i.e. 640. Key resistance is 715 & 723 and support is at 670 and 640. NCC Ltd – Sell in the range between Rs 216 & Rs 214; Stoploss: Rs 227; Target: Rs 201NCC LTD has broken 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. 225. 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. 201. Key resistance is at 225 & 227 and support is at 211 and 201. 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.
