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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 Canara Bank with stop loss at Rs 255 and target of Rs 272 and Graphite India with stop loss at Rs 938 and target of Rs 970.

November 01, 2018 / 08:09 IST
     
     
    26 Aug, 2025 12:21
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    After initial volatility, the Nifty50 staged a smart comeback in late morning deals and extended rally to move near 10,400 levels. Strong global cues, and buying in technology, banking & financials and FMCG stocks boosted sentiment.

    The index almost recovered all the losses made in the previous week and formed a bullish candle on daily scale.

    The Nifty after opening marginally higher at 10,209.55 immediately dropped to hit an intraday low of 10,105.10, but managed to recover nearly 300 points from that low point and surpassed immediate hurdle of 10,280 zones to hit a day's high of 10,396. The index closed 188.20 points higher at 10,386.60.

    According to Pivot charts, the key support level is placed at 10,195.8, followed by 10,005. If the index starts moving upwards, key resistance levels to watch out are 10,486.7 and then 10,586.8.

    The Nifty Bank index closed at 25,153.25, up 345.50 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 24,720.56, followed by 24,287.93. On the upside, key resistance levels are placed at 25,393.56, followed by 25,633.93.

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

    Aditya Agarwala of YES Securities

    Buy Aurobindo Pharma with target at Rs 925 and stop loss at Rs 750

    Buy PI Industries with target at Rs 880 and stop loss at Rs 740

    Sell Kotak Mahindra Bank with target at Rs 990 and stop loss at Rs 1,160

    Rajesh Agarwal of AUM Capital

    Buy Canara Bank with stop loss at Rs 255 and target of Rs 272

    Buy Graphite India with stop loss at Rs 938 and target of Rs 970

    Buy Larsen & Toubro with stop loss at Rs 1268 and target of Rs 1345

    Buy Cummins India with stop loss at Rs 720 and target of Rs 785

    Buy Torrent Power with stop loss at Rs 245 and target of Rs 272

    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: Nov 1, 2018 08:09 am

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