The Indian market closed in the green for the second consecutive day on December 12 as investor sentiment got a boost from positive global sentiment and government's move to ease pressure from the country's shadow banks.
Sensex closed 169 points, or 0.42 percent, higher at 40,581.71 while Nifty shut shop at 11,971.80, with a gain of 62 points, or 0.52 percent.
According to the pivot charts, the key support level for Nifty is placed at 11935.37, followed by 11898.93. If the index continues moving up, key resistance levels to watch out for are 12006.87 and 12041.93.
Nifty Bank closed 1.31 percent up at 31,665.45. The important pivot level, which will act as crucial support for the index, is placed at 31,441.2, followed by 31,217. On the upside, key resistance levels are placed at 31,800.5 and 31,935.6.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Tata Motors with a stop loss of Rs 168, target of Rs 180
Buy Tata Steel with a stop loss of Rs 412, target of Rs 430
Buy Tata Global Beverage with a stop loss of Rs 318, target of Rs 334
Buy State Bank of India with a stop loss of Rs 315, target of Rs 332
Buy Cholamandalam Investment with a stop loss of Rs 309, target of Rs 323
Mitesh Thakkar of miteshthakkar.com
Buy Eicher Motors with a stop loss of Rs 21700 for target of Rs 22400
Buy Manappuram Finance with a stop loss of Rs 169 for target of Rs 182
Buy SAIL above Rs 40 with stop loss of Rs 39 for target of Rs 42.5
Sell Infosys with a stop loss of Rs 709 for target of Rs 688
Prakash Gaba of prakashgaba.com
Buy Indiabulls Housing Finance with target at Rs 320 and stop loss at Rs 275
Buy NMDC with target at Rs 120 and stop loss at Rs 112
Buy SRF with target at Rs 3400 and stop loss at Rs 3265
Buy Voltas with target at Rs 715 and stop loss at Rs 686
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.
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