Moneycontrol Be a Pro
Get App
Last Updated : Aug 27, 2018 08:07 AM IST | Source: Moneycontrol.com

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

Rajesh Agarwal of AUM Capital recommends buying JSW Steel with stop loss at Rs 345 and target of Rs 368, Cadila Healthcare with stop loss at Rs 388 and target of Rs 410 and LIC Housing Finance with stop loss at Rs 563 and target of Rs 585.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The Nifty snapped its four-day winning streak and closed Friday's sideways session on a weak note, forming an indecisive Doji pattern on the daily candlestick charts. On the weekly scale, the index formed a bullish candle.

The index after opening lower at 11,566.60 managed to clawback to hit a high of 11,604.60. It wiped out its gains in the first hour of trade itself to hit a low of 11,532. It remained rangebound for rest of Friday and closed 25.70 points lower at 11,557.10. For the week, the Nifty rallied 0.75 percent.

India VIX fell 3.35 percent to 12.33 levels. Lower volatility suggests that bulls could support the market on a decline.

Close

According to pivot charts, key support is placed at 11,524.53, followed by 11,491.97. If the index starts moving upwards, the key resistance levels to watch out are 11,597.13 and 11,637.17.

The Nifty Bank index closed at 27,834.70, down 193.20 points on Friday. The important pivot level, which will act as crucial support for the index, is placed at 27,704.06, followed by 27,573.43. On the upside, key resistance levels are placed at 28,044.06, followed by 28,253.43.

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

Rajesh Agarwal of AUM Capital

Buy JSW Steel with stop loss at Rs 345 and target of Rs 368

Buy Cadila Healthcare with stop loss at Rs 388 and target of Rs 410

Buy LIC Housing Finance with stop loss at Rs 563 and target of Rs 585

Buy Apollo Hospitals with stop loss at Rs 1175 and target of Rs 1225

Buy RBL Bank with stop loss at Rs 599 and target of Rs 624

Dyaneshwar Padwal of KIFS Trade Capital

Buy DLF with target at Rs 230 and stop loss at Rs 200

Buy Persistent Systems with target at Rs 930 and stop loss at Rs 840

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.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 27, 2018 07:54 am
Loading...
Sections
Follow us on
Available On