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Last Updated : May 21, 2018 08:50 AM IST | Source: Moneycontrol.com

Buy or sell: Top stock trading ideas by Dinesh Rohira, Prakash Gaba & Rajesh Agarwal for May 21

Prakash Gaba of prakashgaba.com is of the view that one can buy Biocon with target at Rs 665 and stop loss at Rs 635 and sell DCB Bank with target at Rs 175 and stop loss at Rs 184.

 
 
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The Nifty closed below its crucial support placed at 10,600 levels on Friday which could accelerate the selling pressure on D-Street and the next major support could come at 50-days moving average placed at 10,550-10,560.

The Nifty now trades below its key short-term moving averages such as 5-DEMA, 13-DEMA, and 20-DEMA. The index formed a bearish candle on the daily candlestick charts and a Bearish Engulfing candle on the weekly scale which indicates dominance by bears.

The Nifty index opened flat but continued its losing streak for the fourth consecutive session. It opened at 10,671 and rose to an intraday high of 10,674.

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According to Pivot charts, the key support level is placed at 10,565.33, followed by 10,534.27. If the index starts moving upwards, key resistance levels to watch out are 10,651.23 and 10,706.07.

The Nifty Bank index closed at 25,875.6 on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 25,799.07, followed by 25,722.53. On the upside, key resistance levels are placed at 25,992.07, followed by 26,108.53.

Below are the top stocks to buy or sell for good returns in the short term:

Dinesh Rohira of 5nance.com

Buy Time Technoplast with target at Rs 145 and  stop loss at Rs 120

Buy JK Tyre & Industries with target at Rs 156 and stop loss at Rs 135

Sell IRB Infrastructure Developers with target at Rs 227 and stop loss at Rs 253

Prakash Gaba of prakashgaba.com

Buy Biocon with target at Rs 665 and stop loss at Rs 635

Sell DCB Bank with target at Rs 175 and stop loss at Rs 184

Rajesh Agarwal of AUM Capital

Buy Karnataka Bank with target at Rs 125 and stop loss at Rs 117

Buy Jubilant Foodworks with target at Rs 2540 and stop loss at Rs 2460

Buy Tech Mahindra with target at Rs 704 and stop loss at Rs 680

Sell Shriram Transport Finance with target at Rs 1375 and stop loss at Rs 1435

Sell PTC India with target at Rs 77 and stop loss at Rs 84

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.​

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First Published on May 21, 2018 08:50 am
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