Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Indus Tower, Jindal Steel & Power are the top stocks to buy today:Indus Tower – Buy in the range between Rs 392 & Rs 398; Stop Loss: Rs 375; Target: Rs 440Indus Tower has broken out of a Triangle pattern on daily charts and 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 last month and has closed above 20 daily moving average i.e. 387, resuming the up trend today. The stock is expected to continue the up trend till the previous swing high 440. Key resistance is 421 & 440 and support is at 387 and 375. Jindal Steel & Power – Buy in the range between Rs 970 & Rs 980; Stop Loss: Rs 930; Target: Rs 1,065Jindal Steel & Power has broken out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 20 daily moving average i.e. 946. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the previous swing high 1065. Key resistance is at 1010 & 1065 and support is at 957 and 930. 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.
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