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Buy or sell: Top stock trading ideas by market experts which are good short term bets

Rajesh Agarwal of AUM Capital recommends buying Sun TV Network with stop loss at Rs 804 and target of Rs 825, Godawari Power with stop loss at Rs 449 and target of Rs 490 and VIP Industries with stop loss at Rs 534 and target of Rs 575.

August 08, 2018 / 07:46 IST
     
     
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    After opening higher Tuesday, the Nifty 50 ended flat but not before hitting a fresh intraday record high. It also made a fresh closing high.

    The index formed a bearish candle on the daily charts as the closing price is lower than the opening price.

    The Sensex, however, ended 26.09 points lower at 37,665.80 and even the broader markets closed in the red with the Nifty Midcap index falling 0.3 percent. The sectoral trend was mixed.

    The Nifty50 after opening above 10,400 levels hit a fresh record high of 11,428.95 on intraday basis but erased gains in late morning deals to touch a day's low of 11,359.70. Overall the index remained range bound for major part of the session and managed to close in the green with 2.40-point gain at 11,389.50.

    According to Pivot charts, the key support level is placed at 11,356.47, followed by 11,323.43. If the index starts moving upwards, key resistance levels to watch out are 11,425.77 and 11,462.03.

    The Nifty Bank index closed at 27,875.90, down 22.60 points on Tuesday. The important Pivot level, which will act as crucial support for the index, is placed at 27,806.07, followed by 27,736.23. On the upside, key resistance levels are placed at 27,966.96, followed by 28,058.03.

    Here are the top stock trading ideas which can give good returns in the near term:

    Abhishek Mondal of Guiness Securities

    Buy India Cements with target at Rs 145 and stop loss at Rs 110

    Buy Exide Industries with target at Rs 320 and stop loss at Rs 260

    Buy Muthoot Finance with target at Rs 449 and stop loss at Rs 399

    Rajesh Agarwal of AUM Capital

    Buy Sun TV Network with stop loss at Rs 804 and target of Rs 825

    Buy Godawari Power with stop loss at Rs 449 and target of Rs 490

    Buy VIP Industries with stop loss at Rs 534 and target of Rs 575

    Buy Havells India with stop loss at Rs 663 and target of Rs 698

    Buy Torrent Pharma with stop loss at Rs 1664 and target of Rs 1705

    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: Aug 8, 2018 07:46 am

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