Here are your intra day picks for the day from various market experts and brokerage houses :
Parag Doctor of Motilal Oswal has two buy recommendations. His first pick is Reliance Inds as he says that the stock has made a very good base for the last several weeks between Rs 680 and Rs 720 and has now moved and crossed the 50-day moving average. One can buy the stock with a price target of Rs 770, which is where the 200 day moving average is located. The stop loss for the trade is at Rs 709.
The second scrip he recommends buying is Larsen & Toubro. L&T has been an outperformer in the recent weeks and it has crossed the 200-day moving average and is headed to a higher resistance of around Rs 1,360 to Rs 1,370. The stop loss for the trade is at Rs 1,270.
Manas Jaiwal of manasjaiswal.com also has two buy recommendations. JSW Energy is on an upswing as the stock is showing bullish engulfing pattern on the weekly chart. He recommends buying the stock at current levels with a stop loss of Rs 45.50 per share. The second scrip to buy is Polaris as it is also showing a bullish pattern on the weekly charts. The stock can test Rs 125 in the next 2-3 trading sessions and one can buy it with a stop loss of Rs 115.5 per share.
Shardul Kulkarni of Angel Broking two recommendations are S Kumars and Sterlite Inds. According to him, S Kumars has given a flat breakout and the stock is poised for a good rally in the near term. He recommends buying the stock in the range of Rs 36 to Rs 35, with a stop loss of Rs 33.5. The target price is Rs 40.
The second scrip to buy is Sterlite Inds as the stock has the potential to test Rs 109 in the next few trading sessions. He recommends buying on decline upto Rs 99 with a stop loss of Rs 95. The target price for this stock is 109.
Disclaimer: Views expressed above are that of various market experts only and Firstpost will not be held responsible for any investment decision based on the above recommendations.