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

Benchmark indices Sensex and Nifty ended in the red for the seventh consecutive session on March 2 as concerns over coronavirus continued to weigh on investor sentiments. D-Street witnessed one of the most volatile sessions in the recent past, a 1000-point swing that wiped out most of the gains made on the Sensex while Nifty50 held onto its crucial support at 11,100 levels.

Sensex fell 153 points to close at 38,144 while Nifty ended 69 points lower at 11,132.75. Broader markets performed in line with benchmark indices as the S&P BSE Midcap index was down 0.65 percent while the S&P BSE Smallcap index fell 0.77 percent.

According to the pivot charts, the key support level for Nifty is placed at 10,968.33, followed by 10,803.87. If the index moves up, key resistance levels to watch out for are 11,365.13 and 11,597.47.

Nifty Bank closed 0.96 percent down at 28,868.40. The important pivot level, which will act as crucial support for the index, is placed at 28,363, followed by 27,857.6. On the upside, key resistance levels are placed at 29,582.5 and 30,296.6.

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

Ashwani Gujral of ashwanigujral.com

Sell State Bank of India with a stop loss of Rs 292, target of Rs 278

Sell Bank of Baroda with a stop loss of Rs 74, target of Rs 66

Sell Tata Steel with a stop loss of Rs 369, target of Rs 354

Buy Ashok Leyland with a stop loss of Rs 68, target of Rs 80

Buy Escorts with a stop loss of Rs 840, target of Rs 875

Sudarshan Sukhani of s2analytics.com

Buy Castrol India with stop loss at Rs 147 and target of Rs 154

Buy Escorts with stop loss at Rs 830 and target of Rs 860

Buy Shriram Transport with stop loss at Rs 1260 and target of Rs 1315

Sell Jubilant Foodworks with stop loss at Rs 1680 and target of Rs 1625

Mitesh Thakkar of miteshthakkar.com

Sell Axis Bank around Rs 688 - 690 with a stop loss of Rs 705 for target of Rs 660

Buy Voltas with a stop loss of Rs 646 for target of Rs 695

Sell Ashok Leyland with a stop loss of Rs 76 for target of Rs 70

Buy Hindustan Unilever with stop loss of Rs 2150 for target of Rs 2200

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