Technical calls: Buy Tech Mahindra, sell Titan Industries

Here are your intra day picks for the day from various market experts and brokerage houses:

Vishal Malkan, CMT, a brokerage firm said Apollo Tyres has formed a bullish candlestick pattern on weekly charts. He recommends a buy with a stoploss of Rs 84.50 with targets of Rs 87.50 and 88.50.

His second pick is Tech Mahindra which has been outperforming the market since last week. It has broken above the resistance of Rs 800. He recommends a buy with a stop of Rs 790 for targets of Rs 815 and Rs 824

Shardul Kulkarni, Angel Broking recommends Coal India. In case of Coal India we are seeing that after a substantial fall the stock has given a rise upto Rs 350 levels whereas you can go and short Coal India again at the current market price. It is recommended to sell Coal India August Futures in the range of Rs 351-352. The stop loss for the trade is at Rs 357 and the potential target in the next 3-5 trading sessions is at Rs 335.

Second stock recommendation is Titan Industries, this stock was down from Friday in spite of the market being up and the market has given a breakdown from the sideways trading channel. Thus they recommend selling Titan August Futures in the range of Rs 221-222. The stop loss for the trade would be at Rs 224. The potential target in the next two-three trading sessions is at Rs 208.

Arunesh Madan, Augment Investment selected STC India which has given a strong break out on a falling trendline placed on its daily chats, sometime during the last week. After that breakout the stock has given a decent pullback.

The current pullback can be used to initiate long positions in the counter in the rang of Rs 265 to Rs 270 With a stop loss being placed below the Rs 258 levels and look for a target of Rs 290-295 in the coming days.

TCS is trading in the upper band of its trading range of Rs 1190 to 1300 and the stock has gone multiple resistance in the range of Rs 1285 to Rs 1290. The current strength in the counter should be used to create short positions in the range of Rs 1280 to Rs 1290 with a very fixed stop loss placed above the Rs 1300 levels and look for a target of Rs 1245 to 1250 in the coming days.

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