Stock Market Highlights

According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Jio Finance and Varun Beverages Limited (VBL) are the top stocks to consider today.

Jio Finance - A Strong Buy

Buy in the range between Rs 326 & Rs 330; Stop Loss: Rs 319; Target Rs 345

Jio Finance has shown a promising flag pattern, indicating a potential upside breakout. With momentum indicators signaling a positive crossover above the zero line and the stock closing above the 10-day moving average, the uptrend is expected to continue towards the previous swing high of 345.

Varun Beverages Limited - Breaking Out

Buy in the range between Rs 462 & Rs 466; Stop Loss: Rs 449; Target: Rs 493

VBL has broken out of an Ending Diagonal pattern, resuming its uptrend. Supported at the lower end of the Bollinger band and with momentum indicators suggesting a positive crossover, the stock is poised to reach the previous swing high of 493.

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.