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

The BSE Sensex fell below the psychological 40,000-mark, down 392.24 points at 39,888.96, taking the total four-day loss to over 1,400 points.

The Nifty 50 closed below the 200-day simple moving average (which was placed at 11,685), declining 119.40 points or 1.01 percent to 11,678.50, forming a bearish candle on daily charts.

Experts feel the market may remain volatile in the near term given the F&O expiry and spread of coronavirus outside China. The 200-day SMA would be a crucial level to watch out for.

According to the pivot charts, the key support level for Nifty is placed at 11,617.67, followed by 11,556.83. If the index continues moving up, key resistance levels to watch out for are 11,761.27 and 11,844.03.

Nifty Bank fell 0.41 percent to close at 30,306.80. The important pivot level, which will act as crucial support for the index, is placed at 30,120.64, followed by 29,934.47. On the upside, key resistance levels are placed at 30,504.14 and 30,701.47.

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

Ashwani Gujral of ashwanigujral.com

Sell Jindal Steel & Power with a stop loss of Rs 175, target of Rs 162

Sell Oil India Limited with a stop loss of Rs 117, target of Rs 104

Sell NMDC with a stop loss of Rs 101, target of Rs 92

Buy Interglobe Aviation with a stop loss of Rs 1380, target of Rs 1425

Buy Jubilant Foodworks with a stop loss of Rs 1820, target of Rs 1885

Sudarshan Sukhani of s2analytics.com

Buy Havells India with stop loss at Rs 630 and target of Rs 665

Buy Interglobe Aviation with stop loss at Rs 1270 and target of Rs 1335

Sell PVR with stop loss at Rs 2050 and target of Rs 1945

Sell Tata Steel with stop loss at Rs 422 and target of Rs 408

Mitesh Thakkar of miteshthakkar.com

Sell Bajaj Finserv with a stop loss of Rs 9450 for target of Rs 9240

Sell Container Corp with a stop loss of Rs 526 for target of Rs 495

Buy GMR Infra with a stop loss of Rs 23.8 for target of Rs 25.6

Buy Pidilite Industries around Rs 1528 - 1530 with stop loss of Rs 1512 for target of Rs 1560

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes