Buy or sell: Top stock picks by Dharmesh Shah, Prakash Gaba for May 17

Dharmesh Shah of ICICI Direct.com Research is of the view that one may buy Pfizer with a target of Rs 2960.

The Nifty witnessed another volatile day on Wednesday but managed to close above its crucial support level of 10,700 levels but witnessed an intraday volatility of 91 points which resulted in a ‘High Wave’ candlestick pattern on the daily charts.

A High Wave kind of pattern is formed when there is a long upper shadow and a long lower shadow with a small body. The pattern is similar to a spinning top or a Doji kind of pattern but in the high wave, the shadows are longer and there is a small body.

The Nifty which opened at 10,751.95 which rose to an intraday high of 10,790.45. But, bears took control of D-Street and pushed the index below 5-DEMA to touch its intraday low of 10,699. The index closed above its 13-DEMA at 10,741.95, down 60 points.

Here are the list of top stocks to buy or sell which are good bets today:

Dharmesh Shah of ICICI Direct.com Research

Buy Apollo Tyre with a stoploss of Rs 263 and target of Rs 340

Buy Pfizer with a stoploss of Rs 2165 and target of Rs 2960

Buy Berger Paints with a stoploss of Rs 264 and target of Rs 313

Technical Analyst, Prakash Gaba

Buy Escorts with a stoploss of Rs 940 and target of Rs 980

Buy ONGC with a stoploss of Rs 184 and target of Rs 191

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