Stock Market Hot Picks: CDSL and Indian Bank

According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, CDSL and Indian Bank are the top stocks to consider buying today.

CDSL – A Strong Buy

Buy in the range between Rs 1290 & 1270; Stop Loss: Rs 1245; Target: Rs 1378. CDSL has broken out of a downward sloping trend line and is expected to resume the uptrend. Momentum indicators have also given a positive crossover below the zero line.

Indian Bank – On the Rise

Buy in the range between Rs 570 & 580; Stop Loss: Rs 552; Target: Rs 615. Indian Bank has broken out of a downward sloping trend line and is 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.

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.