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The market paused its eight days winning streak on March 22 as benchmark indices closed lower with market breadth in favour of declines. The 30-share BSE Sensex fell 222.14 points at 38,164.61, and the Nifty was down 64.10 points at 11,456.90.
According to the Pivot charts, the key support level is placed at 11,403.33, followed by 11,349.77. If the index starts moving upward, key resistance levels to watch out are 11,541.63 and 11,626.37.
The Nifty Bank index closed at 29,582.50, down 249.7 points on March 22. The important Pivot level, which will act as crucial support for the index, is placed at 29,391.43, followed by 29,200.37. On the upside, key resistance levels are placed at 29,890.83, followed by 30,199.17.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy L&T Finance Holdings with a stop loss of Rs 142, target of Rs 154
Buy IndusInd Bank with a stop loss of Rs 1680, target of Rs 1740
Buy SRF with a stop loss of Rs 2440, target of Rs 2500
Buy Vedanta with a stop loss of Rs 169, target of Rs 178
Buy Bata India with a stop loss of Rs 1345, target of Rs 1390
Sudarshan Sukhani of s2analytics.com
Buy Infosys with stop loss at Rs 734 and target of Rs 760
Buy Manappuram Finance with stop loss at Rs 117 and target of Rs 126
Buy Bata India with stop loss at Rs 1346 and target of Rs 1380
Sell Apollo Tyres with stop loss at Rs 219 and target of Rs 211
Sell Tata Communications with stop loss at Rs 605 and target of Rs 590
Mitessh Thakkar of mitesshthakkar.com
Sell Glenmark Pharma with a stop loss of Rs 652 and target of Rs 630
Buy Jubilant Foodworks around Rs 1425 with stop loss of Rs 1404 and target of Rs 1465
Buy SRF with a stop loss of Rs 2420 and target of Rs 2525
Sell Amara Raja Batteries with a stop loss of Rs 728 and target of Rs 690
Disclaimer: 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.
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