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Top buy and sell ideas by Ashwani Gujral, Mitesh Thakkar, Prakash Gaba for short term

Mitesh Thakkar of recommends buying Titan Company with a stop loss of Rs 1280 for target of Rs 1340 and Infosys with a stop loss of Rs 784 for target of Rs 820.

February 14, 2020 / 01:56 PM IST

Equity market closed in the red again on February 13, snapping the winning run of the last two consecutive sessions on account of weak domestic and global cues as the rise in new cases of coronavirus epidemic weighed on the market sentiment globally.

Sensex ended the day with a loss of 106 points, or 0.26 percent, at 41,459.79 while Nifty finished at 12,174.65, down 27 points, or 0.22 percent.

According to the pivot charts, the key support level for Nifty is placed at 12134.43, followed by 12094.17. If the index continues moving up, key resistance levels to watch out for are 12220.33 and 12265.97.

Nifty Bank closed 0.83 percent down at 31,230.25. The important pivot level, which will act as crucial support for the index, is placed at 31,057.4, followed by 30,884.6. On the upside, key resistance levels are placed at 31,526.2 and 31,822.2.