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  <title>Stock picks of the day for January 31, 2019</title>
  <description>Cyient: Buy| CMP: Rs 612.35 | Target: Rs 661| Stop Loss: Rs 593| Return 8%

The stock has moved above falling in a consolidation pattern on the daily chart which suggests bullish reversal of the previous trend.

In 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.

SBI: Buy| CMP: Rs.287.45 | Target Rs 308| Stop Loss: Rs.278| Return 7%

The 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.

The 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.

NMDC: Buy| CMP: Rs.96.10 | Target: Rs 105| Stop Loss: Rs.92| Return 9%

On 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.

The 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.</description>
  <author-name>Moneycontrol Podcast</author-name>
  <author-url>https://audioboom.com/channels/4937727-moneycontrol-podcast</author-url>
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