Stock picks of the day on March 27, 2019

Asian Paints: Buy above: Rs 1500| Target: Rs 1540 | Stop loss: Rs 1460

Asian Paints is a strong stock in the consumption space. Put Writing was seen at at-the-money (ATM) and out-of-money (OTM) strikes. Base put at ATM 1440 strike is higher than any call strike for the current series indicating expectation limited downside.

LIC Housing Finance: Buy above Rs 535| Target: Rs 548| Stop loss: Rs 522

LIC Housing Finance can gain after sellers were caught on the wrong foot which led to short coverings. The majority of the positions in the stock is on sell-side according to F&O data analysis.

Jubilant FoodWorks: Buy at Rs 1460| Target: Rs 1510| Stop loss: Rs 1420

Jubilant FoodWorks is gaining momentum from short sellers as well. On the charts, we expect a breakout of Triangle formation which could take the stock above Rs 1500 levels in the next few days.