Muhurat Stock Picks 2024: Coal India, Can Fin Homes Among PL Capital's Top Bets To Buy This Diwali

PL Capital Report

Take a look at the top stocks picks for Samvat 2081.

Coal India - Current market price: 487 | Entry Range: On declines till 470 target: 545/580/610 | Stop Loss: 450

After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels.

The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around 500, followed by 460/450 strikes in current and next series expiry.

Can Fin Homes - Current market price: 862 | Entry Range: On declines till 820 | Target: 935/980/1020 | Stop Loss: 770

Stock on daily chart has a good support around 800-780 zones and have reversed sharp multiple times from here. On weekly basis, the stock is witnessing long built up gaining 6%, with OI of more than 12%.

Option chain also reflects good CE OI unwinding in current series, which can take the stock towards 900 on immediate basis, and then to the highs of 950 and above.

Click on the attachment to read the full list of Diwali picks by PL Capital:

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