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

Prakash Gaba of prakashgaba.com recommends buying Kotak Mahindra Bank with target at Rs 1725 and stop loss at Rs 1695 and Mindtree with target at Rs 950 and stop loss at Rs 885.

January 17, 2020 / 12:01 PM IST

The BSE Sensex closed 60 points, or 0.14 percent, up at 41,932.56, while the Nifty50 settled 12 points, or 0.1 percent, up at 12,355.50. The BSE Midcap and Smallcap indices logged healthy gains of 0.77 percent and 0.78 percent, respectively.

According to the pivot charts, the key support level for Nifty is placed at 12,317.87, followed by 12,280.23. If the index moves up, key resistance levels to watch out for are 12,391.07 and 12,426.63.

Nifty Bank closed 0.09 percent up at 31,853.90. The important pivot level, which will act as crucial support for the index, is placed at 31,701.24, followed by 31,548.57. On the upside, key resistance levels are placed at 31,997.74 and 32,141.57.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: