Stock picks of the day for February 19, 2019

Muthoot Finance Limited: Buy| Target: Rs 555| Stop-Loss: Rs 495| Upside 7.8%

After making a record high at 549.75, Muthoot Finance has witnessed marginal profit taking and tested crucial support zone around Rs 480 levels early this month.

Currently, it is hovering in a narrow range while holding firmly above the support zone of multiple moving averages and is likely to see a fresh breakout in the near future.

We advise traders to initiate fresh long positions within 510-515 zone. It closed at 520.40 on February 18, 2019.

DLF Limited: Sell February Futures| Target: Rs 146| Stop-Loss: Rs 165| Downside 7.6 %

DLF has been trading with a negative bias from the beginning of the year and still, there’s no sign of reversal. Though it had witnessed counter moves also in between, failed to hold at higher levels for long.

The prevailing chart pattern combined with confirmation indicators is pointing toward fresh fall. We advise creating fresh short within 158-160. It closed at 156.80 on February 18, 2019.

Hindustan Zinc Limited: Sell February Futures| Target: Rs 230| Stop-Loss: Rs 254| Downside 6.5%

In line with other metal counters, Hindustan Zinc is also inching lower. It has been consolidating in a broader range for more than a year and trading on the verge of a breakdown from the same.

We suggest traders not to miss this opportunity and create fresh short in the given range of 246-248. It closed at 244 on February 18, 2019.