The Nifty which started with a gap-up failed to hold on to gains and closed near its intraday low forming a bearish candle on the daily charts which also resembles a ‘Dark Cloud Cover’ kind of pattern.
The index which opened at 10, 779 rose to an intraday high of 10,785.55 but then bears took over D-Street and pushed the index towards 10,700 levels. The index bounced back after hitting its 5-DEMA placed at 10,710. It hit an intraday low of 10,705 before closing the day at 10,716.
According to Pivot charts, key support level is placed at 10,685.83, followed by 10,655.17. If the index starts moving upwards, key resistance levels to watch out are 10,766.33 and 10,816.17.
The Nifty Bank index closed at 26,131.0. The important Pivot level, which will act as crucial support for the index, is placed at 26,036.67, followed by 25,942.33. On the upside, key resistance levels are placed at 26,245.87, followed by 26,360.73.
Here are the list of top stocks to buy or sell which are good bets today:
Aditya Agarwal of Way2Wealth Securities
Buy HCL Technologies around Rs 925-930 with target at Rs 1020 and stop loss at Rs 895
Sell ACC around Rs 1500-1510 with target at Rs 1,400 and stop loss at Rs 1,555
Sell NMDC below Rs 116 with target at Rs 102 and stop loss at Rs 121
Prakash Gaba of prakashgaba.com
Buy eClerx Services with target at Rs 1370 and stop loss at Rs 1335
Buy Future Retail with target at Rs 625 and stop loss at Rs 590
Sell Jain Irrigation Systems with target at Rs 100 and stop loss at Rs 109
Sell PVR with target at Rs 1350 and stop loss at Rs 1425
Rajesh Agarwal of AUM Capital
Buy Indian Oil Corporation with stop loss at Rs 164 and target at Rs 174
Buy Ujjivan Financial Services with stop loss at Rs 398 and target at Rs 417
Buy Adani Transmission with stop loss at Rs 164 and target at Rs 176
Sell Jain Irrigation Systems with stop loss at Rs 110.00 and target at Rs 101
Buy Titan Company with stop loss at Rs 965 and target at Rs 1003
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
