Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, CAMS (Computer Age Management Services) and Inox Wind are the top stocks to buy today:CAMS – Buy in the range between Rs 3980 & Rs 3990; Stop Loss: Rs 3838; Target: Rs 4199CAMS (Computer Age Management Services) has broken out of a small consolidation and expected to resume the uptrend. Momentum indicators has also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 200 daily moving average i.e. 3911, resuming the up trend today. The stock is expected to continue the up trend till the 50% retracement of the previous fall i.e. 4199. Key resistance is 4127 & 4199 and support is at 3911 and 3838. Inox Wind – Buy in the range between Rs 191 & Rs 192; Stop Loss: Rs 181; Target: Rs 213Inox Wind 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 10 daily moving average i.e. 182.90. Momentum indicator has given positive crossover above the zero line. The stock is expected to continue the up trend till the previous swing high i.e. 213. Key resistance is at 200 & 213 and support is at 183 and 181. 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.
