Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Prestige, and GMR Airport:Prestige – Buy in the range between Rs 1600 & Rs 1610; Stoploss: Rs 1545; Target: Rs 1720Prestige has broken out of a triangle pattern and is expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since the last few months and has closed above 200 daily moving average i.e. 1530, resuming the up trend. Key resistance is 1664 & 1720 and support is at 1578 and 1545. GMR Airport – Buy in the range between Rs 89.20 & Rs 90; Stoploss: Rs 86.80; Target: Rs 97GMR Airport is broken out of a bullish consolidation pattern and expected to resume the uptrend. The stock has been consolidating since last month and has taken support at 20 daily moving average i.e. 88. Momentum indicator has given positive crossover below the zero line. The stock is expected to continue the up trend till the previous swing high i.e. 97. Key resistance is at 92 & 95 and support is at 88 and 86.80.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
