Mitesh Thakkar of miteshthakkar.com recommends buying BPCL with a stop loss of Rs 533 for target of Rs 570 and NCC with a stop loss of Rs 59 for target of Rs 65.
The BSE Sensex rose 182 points to 40,651.64 while the Nifty 50 closed 59 points higher at 11,999.
According to the pivot charts, the key support level for Nifty is placed at 11,963.87, followed by 11,928.63. If the index continues moving up, key resistance levels to watch out for are 12,036.47 and 12,073.83.Nifty Bank closed 0.38 percent up at 31,353.85. The important pivot level, which will act as crucial support for the index, is placed at 31,215.7, followed by 31,077.6. On the upside, key resistance levels are placed at 31,481.79 and 31,609.8.