{"type":"rich","version":"1.0","title":"Stock picks of the day for January 31, 2019","description":"Cyient: Buy| CMP: Rs 612.35 | Target: Rs 661| Stop Loss: Rs 593| Return 8%\n\nThe stock has moved above falling in a consolidation pattern on the daily chart which suggests bullish reversal of the previous trend.\n\nIn addition, a positive divergence is visible on the daily chart of the stock. Moreover, RSI (14) is in bullish crossover and rising. Traders can accumulate the stock in the range of 610-615 for the target of 661 with a stop loss below 593.\n\nSBI: Buy| CMP: Rs.287.45 | Target Rs 308| Stop Loss: Rs.278| Return 7%\n\nThe stock formed a Doji candle on the daily chart which was followed by a large green candle which suggests a falling trend has ended and the stock price is ready to move up in the short-term.\n\nThe momentum indicator, RSI (14) has reversed from the oversold zone and has entered in a bullish crossover. Traders can accumulate the stock in the range of 285-290 for the target of 308 and a stop loss below 278.\n\nNMDC: Buy| CMP: Rs.96.10 | Target: Rs 105| Stop Loss: Rs.92| Return 9%\n\nOn the daily chart, the price has moved above its previous swing high which indicates a rise in optimism. The daily MACD is in bullish crossover and is rising.\n\nThe weekly RSI (14) has made a double bottom and has moved up which suggests improving positive momentum in the stock price. Traders can accumulate the stock in the range of 95-97 for the target of 105 with a stop loss below 92.","author_name":"Moneycontrol Podcast","author_url":"https://audioboom.com/channels/4937727-moneycontrol-podcast","provider_name":"Audioboom","provider_url":"https://audioboom.com","width":480,"height":95,"thumbnail_url":"https://audioboom.com/i/34301318/600x600/c","thumbnail_width":600,"thumbnail_height":600,"html":""}