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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 Dhampur Sugar with stop loss at Rs 140 and target of Rs 155, Globus Spirits with stop loss at Rs 198 and target of Rs 220 and Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375.

September 21, 2018 / 08:42 IST
     
     
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    The Nifty continued to fall for third consecutive session to break crucial support of 11,250 levels and formed bearish candle on the daily charts again. The Nifty Midcap index also caught in bear trap, falling nearly a percent while all sectoral indices ended in the red barring Metal and IT.

    The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90. The index fell nearly 100 points from day's high to end down 44.50 points at 11,234.40.

    According to Pivot charts, the key support level is placed at 11,186.13, followed by 11,137.97. If the index starts moving upwards, key resistance levels to watch out are 11,307.23 and 11,380.17.

    The Nifty Bank index closed at 26,277.35, down 164.10 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,138.13, followed by 25,998.96. On the upside, key resistance levels are placed at 26,514.03, followed by 26,750.77.

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

    Hadrien Mendonca of IIFL

    Buy Tech Mahindra with target at Rs 832 and stop loss at Rs 739

    Buy TVS Motor Company with  target at Rs 649 and stop loss at Rs 575

    Buy JSW Steel with target at Rs 442 and stop loss at Rs 404.5

    Rajesh Agarwal of AUM Capital

    Buy Dhampur Sugar with stop loss at Rs 140 and target of Rs 155

    Buy Globus Spirits with stop loss at Rs 198 and target of Rs 220

    Buy Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375

    Buy Muthoot Finance with stop loss at Rs 447 and target of Rs 475

    Buy Coal India with stop loss at Rs 275 and target of Rs 289

    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: Sep 21, 2018 08:12 am

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