On June 2, 2026, Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, released stock market recommendations featuring Infosys as a top buy call, while advising sell calls on DLF and Cholamandalam Investment and Finance Company. The expert provided detailed target prices, stop loss levels, and trading ranges for each stock.
DLF: Sell Call
Trading Range: Sell between Rs 578 and Rs 579. Stop Loss: Rs 602. Target: Rs 550.
On the weekly timeframe, the stock is facing rejection from the 200-week exponential moving average (EMA). The daily chart shows a consolidation breakdown, with the stock closing below the 20-day and 40-day EMAs. Momentum indicators are giving a negative crossover, signaling weakness. Key resistance is at Rs 600, while support lies at Rs 565.
Infosys: Buy Call
Trading Range: Buy between Rs 1203 and Rs 1204. Stop Loss: Rs 1150. Target: Rs 1270.
The weekly chart indicates a base formation in the demand zone. On the daily chart, the stock is forming higher tops and higher bottoms, along with an inverted head-and-shoulders pattern. It is closing above the 20-day EMA, and momentum indicators are showing a positive crossover, reflecting strength. Key resistance is at Rs 1238, while support is at Rs 1165.
Cholamandalam Investment and Finance Company: Sell Call
Trading Range: Sell between Rs 1494 and Rs 1495. Stop Loss: Rs 1552. Target: Rs 1420.
The weekly chart shows multiple rejections from the 20-week and 40-week EMAs. On the daily chart, the stock is forming lower tops and lower bottoms below short-term averages. On the downside, it is closing within a gap area, and momentum indicators are giving a negative crossover, signaling weakness. Key resistance is at Rs 1530, while support is at Rs 1470.
Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
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