Prakash Gaba of prakashgaba.com suggests selling Just Deal with stop loss at Rs 597 and target of Rs 570
While the outlook for demand remains positive, concerns for the paint industry on account of crude oil prices remain.
If Nifty manages to trade above 11,000 consistently then it may induce rally towards 11,250-11,400.
As long term moving averages on weekly charts are placed there while on higher side 11,000 levels should act as key psychological level for Nifty.
Next support for the market is seen at 11,000-10950 levels. Breaking below this, the next level is at 10,800.
The company has lower penetration compared to the leader which provides higher scope for further growth.
Sectorally, the auto sector in near term is expected to be volatile on account of the shift to BS-VI emission norms, whereas for the IT sector as a whole, the total contract value is expected to remain strong.
As long as Nifty is trading above 11,600, we maintain buy on dip strategy, said Shabbir Kayyumi of Narnolia
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.
Sudarshan Sukhani of s2analytics.com recommends buying Hexaware Tech with stop loss at Rs 352 and target of Rs 368, Tata Consultancy Services with stop loss at Rs 1995 and target of Rs 2070 and ICICI Prudential Life Insurance with stop loss at Rs 354 and target of Rs 370.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finance with stop loss at Rs 2970 and target of Rs 3080, Berger Paints with stop loss at Rs 322 and target of Rs 327 and Hindustan Zinc with stop loss at Rs 272 and target of Rs 285.
Elara Capital expects a revival in midcaps riding on price and valuation comfort based on historical trends, strong flows from FPIs and DIIs and strong earnings revival
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1145 and target of Rs 1170, Berger Paints with stop loss at Rs 322 and target of Rs 331 and HCL Tech with stop loss at Rs 955 and target of Rs 980.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585, Berger Paints with a stop loss of Rs 322.5 and target of Rs 340 and Indian Bank with a stop loss of Rs 238.5 and target of Rs 255.
Prakash Gaba of prakashgaba.com recommends buying Berger Paints with target at Rs 330 and stop loss at Rs 316, Federal Bank with target at Rs 95 and stop loss at Rs 88 and GAIL India with target at Rs 360 and stop loss at Rs 344.
VIX continues to consolidate at elevated levels which is a cause of concern. VIX needs to move below 17 for market to see sustainable up move, says Ashish Chaturmohta of Sanctum Wealth Management
On the lower side, the level of Rs 310 will be a good support and below that our long view will be negated and traders should exit from their long positions, says Aditya Agarwal of Way2Wealth Brokers.
Rajesh Agarwal of AUM Capital recommends buying Max Financial Services with stop loss at Rs 437 and target of Rs 462, Escorts with stop loss at Rs 685 and target of Rs 708 and TVS Motor Company with stop loss at Rs 539 and target of Rs 563.
Rajesh Agarwal of AUM Capital recommends buying State Bank of India with stop loss at Rs 277 and target of Rs 293 and Interglobe Aviation with stop loss at Rs 1027 and target of Rs 1080.
Rising volumes coupled with positive crossovers on the other oscillators prompts for further upside, says Hadrien Mendonca of IIFL.
We expect this rally could extend further and the important resistance level to watch is around 10,450-10,550 levels
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 197 and target of Rs 212 and Tamil Nadu Newsprint with stop loss at Rs 265 and target of Rs 290.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda with a stop loss of Rs 101 and target of Rs 93.
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.