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Last Updated : May 09, 2018 08:26 AM IST | Source: Moneycontrol.com

Buy or sell: Top stock trading ideas by Shitij Gandhi, Prakash Gaba & Rajesh Agarwal for May 9

Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 162 and target at Rs 173, a buy in Arvind with stop loss at Rs 412 and target at Rs 430 and a buy also in State Bank of India with stop loss at Rs 245 and target at Rs 257.

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The Nifty opened at 10,757.90 rose marginally to an intraday high of 10,758.55. It slipped towards its crucial 5-days exponential moving average (DEMA) where it took support at 10,691 before bouncing back above 10,700 to close at 10,717.80.

India VIX moved up by 2.14 percent at 14.05. On the options front, maximum Put OI is placed at 10,500 followed by 10,600 strikes while maximum Call OI is placed at 11,000 followed by 10,800 strikes.

According to Pivot charts, key support level is placed at 10,685.3, followed by 10,652.8. If the index starts moving upwards, key resistance levels to watch out are 10,754.4 and 10,791.0.

Close

The Nifty Bank index closed at 26,090.5. The important Pivot level, which will act as crucial support for the index, is placed at 25,991.33, followed by 25,892.17. On the upside, key resistance levels are placed at 26,152.93, followed by 26,215.37.

Here are the top stock trading ideas which can give good short gains:

Shitij Gandhi of SMC Global Securities

Buy Container Corporation of India with target at Rs 1,570 and stop loss at Rs 1,300

Buy Parag Milk Foods with target at Rs 353 and stop loss at Rs 292

Buy L&T Infotech with target at Rs 1,520 and stop loss at Rs 1,250

Prakash Gaba of prakashgaba.com

Buy CESC with target at Rs 1085 and stop loss at Rs 1055

Buuy Hindalco Industries with target at Rs 246 and stop loss at Rs 234

Buy Pidilite Industries with target at Rs 1125 and stop loss at Rs 1090

Buy SRF with target at Rs 2500 and stop loss at Rs 2340

Rajesh Agarwal of AUM Capital

Buy Indian Oil Corporation with stop loss at Rs 162 and target at Rs 173

Buy Arvind with stop loss at Rs 412 and target at Rs 430

Buy State Bank of India with stop loss at Rs 245 and target at Rs 257

Buy J Kumar Infraprojects with stop loss at Rs 273 and target at Rs 293

Buy KEI Industries with stop loss at Rs 437 and target at Rs 455

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 9, 2018 08:26 am
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