Sudarshan Sukhani of s2analytics.com recommends buying BEL with stop loss at Rs 109 and target of Rs 125 and Maruti Suzuki with stop loss at Rs 7000 and target of Rs 7500.
Benchmark indices snapped a six-day winning streak and ended in the red on October 22. The Nifty slipped below 11,600 and Sensex closed below 39,000 level.
At close, the Sensex was down 334.54 points at 38,963.84, while Nifty was down 73.50 points at 11,588.40. BSE Midcap index ended flat, while BSE smallcap index gained 0.5 percent.
According to the pivot charts, the key support level for the Nifty is placed at 11536.57, followed by 11484.83. If the index starts moving up, key resistance levels to watch out for are 11677.17 and 11766.03.
Nifty Bank closed with a gain of 290.9 points at 29,411.20 on October 22. The important pivot level, which will act as crucial support for the index, is placed at 29198.27, followed by 28985.33. On the upside, key resistance levels are placed at 29657.07 and 29902.93.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy M&M Financial Services with a stop loss of Rs 338, target of Rs 354
Buy Jubilant Foodworks with a stop loss of Rs 1400, target of Rs 1520
Buy ICICI Bank with a stop loss of Rs 446, target of Rs 462
Buy Raymond with a stop loss of Rs 600, target of Rs 635
Buy Petronet LNG with a stop loss of Rs 270, target of Rs 285
Sudarshan Sukhani of s2analytics.com
Buy BEL with stop loss at Rs 109 and target of Rs 125
Buy Maruti Suzuki with stop loss at Rs 7000 and target of Rs 7500
Sell Engineers India with stop loss at Rs 110 and target of Rs 102
Sell Hindustan Zinc with stop loss at Rs 212 and target of Rs 203
Mitesh Thakkar of Miteshthakkar.com
Buy ICICI Prudential with a stop loss of Rs 1265 for target of Rs 1360
Buy Asian Paints with a stop loss of Rs 1766 for target of Rs 1815
Sell Exide Industries with a stop loss of Rs 185 for target of Rs 172
Buy Adani Transmission with a stop loss of Rs 240 for target of Rs 285Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 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.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.