Market Guru, Managing Editor of Zee Business, Anil Singhvi spoke to Rajesh Palviya Jain, VP Research (Head Technical & Derivatives) at Axis Securities Ltd on his long-term, short-term and positional picks for today.

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Long Term Stocks: CCL Products 

Recommending CCL products as his long-term products, Palviya said that the shares of this company were seen to be consolidated from the last 6 months. He pointed out its weekly set-up that has formed a rounding bottom. The July high of this stock was around Rs 495, followed by a correction. But we can see a recovery trend in the stocks again. Overall set-up of this stock is going to be positive. Given the break out pattern of this stock in the weekly pattern, this stock is best for taking a long-term position in the market, Palviya claimed.

Buying Price: Rs 460 - Rs 469

Target Price: Rs 570 - Rs 580

Stop Loss Price: Rs 430

Positional Stocks: Bharat Dynamics Limited 

Picking Bharat Dynamics Limited as his positional pick, Palviya explained that the stock had shown a multi-month resistance zone breakout as per its monthly set-up. The stock has been building its strength for consecutive weeks. According to its across all time frame chart pattern, it has gained a lot of strength.

Buying Price: Rs 455 - Rs 465

Target Price: Rs 540 - Rs 550

Stop Loss Price: Rs 440

Short-Term Stocks: Raymond Limited 

A good rally has been seen in Raymond's stocks for a few weeks. However, a sideways consolidation can be seen from the last 7-8 days in the stocks. The stock is expected to reach the breakout of its consolidation range soon, Palviya claimed.

Buying Price: Rs 755 - Rs 765

Target Price: Rs 820 - Rs 840

Stop Loss Price: Rs 730

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