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Last Updated : Mar 02, 2020 01:01 PM IST | Source: Moneycontrol.com

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

Ashwani Gujral of ashwanigujral.com recommends selling Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 1900 and NIIT Tech with a stop loss of Rs 1710, target of Rs 1650

The Sensex plunged 1,448.37 points or 3.64 percent to 38,297.29, the lowest level since October 14, 2019, while the Nifty50 shed 431.50 points or 3.71 percent to 11,201.80, the lowest level since October 7, 2019.

Experts favour waiting for some consolidation before initiating long positions and say if the index breaks the next crucial support of 11,111, then it could slip past the psychologically important 11,000-mark.

According to the pivot charts, the key support level is placed at 11,122.93 followed by 11,044.07. If the index starts moving upward, key resistance levels to watch out for are 11,332.73 and 11,463.67.

Close

The important pivot level, which will act as crucial support for the index, is placed at 28,944.43 followed by 28,741.67. On the upside, key resistance levels are placed at 29,457.03 and 29,766.87.

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

Ashwani Gujral of ashwanigujral.com

Sell Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 1900

Sell NIIT Tech with a stop loss of Rs 1710, target of Rs 1650

Sell Jindal Steel & Power with a stop loss of Rs 159, target of Rs 144

Buy Ceat with a stop loss of Rs 1000, target of Rs 1065

Buy Atul with a stop loss of Rs 5100, target of Rs 5250

Sudarshan Sukhani of s2analytics.com

Buy TCS with stop loss at Rs 1950 and target of Rs 2070

Buy Bharti Airtel with stop loss at Rs 515 and target of Rs 534

Sell Just Dial with stop loss at Rs 476 and target of Rs 451

Sell NMDC with stop loss at Rs 95 and target of Rs 84

Mitesh Thakkar of miteshthakkar.com

Buy Bharti Airtel with a stop loss of Rs 526 and target of Rs 539

Sell Kotak Mahindra Bank around Rs 1630 with stop loss of Rs 1650 and target of Rs 1595

Buy United Spirits with a stop loss of Rs 674 and target of Rs 710

Buy Nestle India with a stop loss of Rs 15680 and target of Rs 15990

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.​

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First Published on Mar 2, 2020 08:37 am
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