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HomeNewsBusinessBuy or sell: Top stock trading ideas by Abhishek Mondal, Prakash Gaba & Rajesh Agarwal

Buy or sell: Top stock trading ideas by Abhishek Mondal, Prakash Gaba & Rajesh Agarwal

Rajesh Agarwal of AUM Capital recommends buying Indraprastha Gas with stop loss at Rs 256 and target at Rs 276, a buy in Motherson Sumi Systems with stop loss at Rs 313 and target at Rs 333 and a buy also in ICICI Prudential Life Insurance with stop loss at Rs 398 and target at Rs 423.

May 24, 2018 / 08:43 IST
     
     
    26 Aug, 2025 12:21
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    The Nifty50 not only broke below its crucial support placed at 10,500 level on Wednesday but also its 50-day moving average at 10,460 which resulted in a strong bearish candle on the daily charts.

    The Nifty50 remained under pressure from the word go. It opened at 10,521 and rose marginally to hit an intraday high of 10,533. It hit an intraday low of 10,417 before closing the day 106 points lower at 10,430.

    According to Pivot charts, the key support level is placed at 10,387.57, followed by 10,344.83. If the index starts moving upwards, key resistance levels to watch out are 10,503.27 and 10,576.23.

    The Nifty Bank index closed at 25,684.95, down 0.36 percent on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 25,570.1, followed by 25,455.3. On the upside, key resistance levels are placed at 25,851.8, followed by 26,018.7.

    Abhishek Mondal of Guiness Securities

    Buy United Breweries with target at Rs 1,265 and stop loss at Rs 1,126

    Sell Divis Laboratories with target at Rs 1040 and stop loss at Rs 1138

    Sell Tata Communications with target at Rs 598 and stop loss at Rs 627

    Prakash Gaba of prakashgaba.com

    Buy Godrej Consumer Products with target at Rs 1120 and stop loss at Rs 1085

    Buy Divis Laboratories with target at Rs 1060 and stop loss at Rs 1000

    Rajesh Agarwal of AUM Capital

    Buy Indraprastha Gas with stop loss at Rs 256 and target at Rs 276

    Buy Motherson Sumi Systems with stop loss at Rs 313 and target at Rs 333

    Buy ICICI Prudential Life Insurance with stop loss at Rs 398 and target at Rs 423

    Sell Amara Raja Batteries with stop loss at Rs 800 and target of Rs 764

    Sell Vedanta with stop loss at Rs 260 and target at Rs 238

    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.

    Moneycontrol News
    first published: May 24, 2018 08:43 am

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