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

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

Rajesh Agarwal of AUM Capital recommends buying Edelweiss Financial with stop loss at Rs 288 and target of Rs 310, Yes Bank with stop loss at Rs 385 and target of Rs 405 and Apollo Hospitals with stop loss at Rs 1164 and target of Rs 1214.

August 20, 2018 / 07:41 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    The Nifty, after opening sharply higher above the 11,400 mark, extended its rally to move near its intraday record high and finally ended at record closing high on Friday, driven by broad-based buying.

    The index formed a bullish candle on daily candlestick charts and the weekly scale. It closed half a percent higher for the truncated week.

    The broader markets also participated in the rally, with the Nifty Midcap index rising over a percent, and all sectoral indices ending in the green. Nifty Bank, and the FMCG, metal and pharma indices rose 1-2 percent.

    The Nifty started off the session at 11,437.15 and rallied further during the day to touch an intraday high of 11,486.45. But it failed to reclaim its intraday record high of 11,495.20 seen on August 9. The index ended at record closing high of 11,470.75, up 85.70 points.

    According to Pivot charts, the key support level is placed at 11,439.57, followed by 11,408.33. If the index starts moving upwards, key resistance levels to watch out are 11,494.27 and 11,517.73.

    The Nifty Bank index closed at 28,128.55, up 302 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,995.54, followed by 27,862.47. On the upside, key resistance levels are placed at 28,219.93, followed by 28,311.27.

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

    Rajesh Palviya of Axis Securities

    Buy Aurobindo Pharma with target at Rs 668-675 and stop loss at Rs 622

    Buy Dewan Housing Finance with target at Rs 685-694 and stop loss at Rs 638

    Buy Tata Chemicals with target at Rs 727-736 and stop loss at Rs 682

    Rajesh Agarwal of AUM Capital

    Buy Edelweiss Financial with stop loss at Rs 288 and target of Rs 310

    Buy Yes Bank with stop loss at Rs 385 and target of Rs 405

    Buy Apollo Hospitals with stop loss at Rs 1164 and target of Rs 1214

    Buy Tata Chemicals with stop loss at Rs 693 and target of Rs 727

    Sell Infosys with stop loss at Rs 1450 and target of Rs 1402

    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 20, 2018 07:41 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai