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Somil Mehta heads Retail Research at Mirae Asset ShareKhan. He issued stock recommendations for June 9, 2026.
Sell Calls:
Kalyan Jewellers India: Sell between Rs 354 and Rs 353. Stop loss is Rs 372. Target is Rs 330. The stock retests a range breakdown below the 200 week exponential moving average on the weekly chart. The daily chart shows lower tops and lower bottoms below the 20 and 40 day exponential moving averages. Momentum indicators show a negative crossover. Resistance is at Rs 367. Support is at Rs 343.
Interglobe Aviation (IndiGo): Sell between Rs 4360 and Rs 4361. Stop loss is Rs 4600. Target is Rs 4100. The weekly chart shows rejections from the 20 and 40 week exponential moving averages. The daily chart shows a consolidation range breakdown below short term averages. Momentum indicators show a negative crossover. Resistance is at Rs 4575. Support is at Rs 4230.
Buy Call:
- Fortis Healthcare: Buy between Rs 989 and Rs 990. Stop loss is Rs 950. Target is Rs 1040. The weekly chart shows a breakout above the resistance level of 950. The 20 and 40 week exponential moving averages support this. The daily chart shows higher tops and higher bottoms above short term averages. Volume is strong. Momentum indicators show a positive crossover above the zero line. Resistance is at Rs 1000. Support is at Rs 970.
The Times of India states these recommendations represent the expert's own views.