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Last Updated : Feb 25, 2020 12:31 PM IST | Source: Moneycontrol.com

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Sudarshan Sukhani of s2analytics.com suggests selling Tata Motors with stop loss at Rs 153 and target of Rs 142 and Bosch with stop loss at Rs 14300 and target of Rs 13700.

Benchmark indices on February 24 posted massive losses amid rising concerns over the deadly impact of the coronavirus outbreak.

Sensex plunged 806.89 points or 1.96 percent, the biggest single day fall since February 1 this year to 40,363.23, while Nifty fell 251.50 points or 2.08 percent to 11,829.40.

The broader markets also fell in line with frontliners as the Nifty Midcap and Smallcap indices were down nearly 2 percent each.

Close

All sectoral indices ended in the red with Nifty Metals (down 5.5 percent) and Auto (down 3.5 percent) falling the most, while the rest of indices declined 1-3 percent.

According to the pivot charts, the key support level for Nifty is placed at 11,757.7, followed by 11,686. If the index continues moving up, key resistance levels to watch out for are 11,956.8 and 12,084.2.

Nifty Bank closed at 30,455.10, down 1.58 percent. The important pivot level, which will act as crucial support for the index, is placed at 30,354.66, followed by 30,254.23. On the upside, key resistance levels are placed at 30,628.86 and 30,802.63.

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

Ashwani Gujral of ashwanigujral.com

Sell JSW Steel with a stop loss of Rs 264, target of Rs 248

Sell Motherson Sumi Systems with a stop loss of Rs 118, target of Rs 104

Sell Bharat Forge with a stop loss of Rs 465, target of Rs 440

Buy Havells India with a stop loss of Rs 620, target of Rs 645

Buy Infosys with a stop loss of Rs 790, target of Rs 815

Sudarshan Sukhani of s2analytics.com

Sell Tata Motors with stop loss at Rs 153 and target of Rs 142

Sell Bosch with stop loss at Rs 14300 and target of Rs 13700

Sell Aurobindo Pharma with stop loss at Rs 512 and target of Rs 485

Sell UPL with stop loss at Rs 580 and target of Rs 554

Mitesh Thakkar of miteshthakkar.com

Sell Bata India around Rs 1765-1770 with stop loss of Rs 1785 for target of Rs 1725

Buy Escorts with a stop loss of Rs 825 for target of Rs 860

Sell Titan Company around Rs 1288 with stop loss of Rs 1305 for target of Rs 1255

Sell Vedanta around Rs 135.5-136 with stop loss of Rs 140 for target of Rs 128

DisclaimerThe 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.​
First Published on Feb 25, 2020 08:45 am
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