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The 30-share BSE Sensex, which hit record high for the 21st time in 2018, closed 352.21 points higher at 37,336.85, driven by ITC which was the biggest gainer with 5 percent rally after Q1 earnings.
According to Pivot charts, the key support level is placed at 11,231.2, followed by 11,184.1. If the index starts moving upwards, key resistance levels to watch out are 11,304.4 and 11,330.5.
The Nifty Bank index closed at 27,634.40, up 228 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,505.9, followed by 27,377.4. On the upside, key resistance levels are placed at 27,712.0, followed by 27,789.6.
Here are the top stock trading ideas which can give good returns in the near term:
Dinesh Rohira of 5nance.com
Buy Phillips Carbon Black with target at Rs 260 and stop loss at Rs 220
Buy Biocon with target at Rs 620 and stop loss at Rs 553
Sell Cholamandalam Investment with target at Rs 1,395 and stop loss at Rs 1,542
Rajesh Agarwal of AUM Capital
Buy Indian Oil Corporation with stop loss at Rs 161 and target of Rs 171
Buy NBCC (India) with stop loss at Rs 67 and target of Rs 75
Buy Jindal Steel & Power with stop loss at Rs 198 and target of Rs 212
Buy Tata Motors with stop loss at Rs 262 and target of Rs 276
Buy Godrej Industries with stop loss at Rs 626 and target of Rs 652
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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