Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Apollo Hospitals, and Persistent are the top stocks to buy today:Apollo Hospitals – Buy in the range between Rs 7,100 & Rs 7,110; Stop Loss: Rs 6,920; Target: Rs 7,545Apollo Hospitals has broken out of a consolidation pattern on daily charts and expected to resume the uptrend. Momentum indicators have also given a positive crossover around 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. 7045, resuming the up trend today. The stock is expected to continue the up trend till the previous swing high 7545. Key resistance is 7243 & 7545 and support is at 7000 and 6920. Persistent – Buy in the range between Rs 6,010 & Rs 6,020; Stop Loss: Rs 5,840; Target: Rs 6,300Persistent has broken out of a bullish flag 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. 5732. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the up trend till the previous swing high 6300. Key resistance is at 6160 & 6300 and support is at 5900 and 5840. 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.
