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.
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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.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy BPCL with a stop loss of Rs 538, target of Rs 560
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Buy RBL Bank with a stop loss of Rs 340, target of Rs 355
Buy Sun Pharma with a stop loss of Rs 444, target of Rs 472
Buy Dabur India with a stop loss of Rs 465, target of Rs 490
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Buy PVR with a stop loss of Rs 1750, target of Rs 1810
Sudarshan Sukhani of s2analytics.com
Buy Ashok Leyland with stop loss at Rs 81.5 and target of Rs 87
Sell Motherson Sumi Systems with stop loss at Rs 135 and target of Rs 129
Sell Mahindra & Mahindra with stop loss at Rs 570 and target of Rs 545
Mitesh Thakkar of miteshthakkar.com
Buy BPCL with a stop loss of Rs 533 for target of Rs 570
Buy NCC with a stop loss of Rs 59 for target of Rs 65
Sell Kotak Mahindra Bank with a stop loss of Rs 1611 for target of Rs 1575
Buy
IRB Infra with stop loss of Rs 74 and target of Rs 80
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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