Ashwani Gujral of ashwanigujral.com recommends buying Oriental Bank of Commerce with a stop loss of Rs 112, target of Rs 120, State Bank of India with a stop loss of Rs 325, target of Rs 341 and YES Bank with a stop loss of Rs 276, target of Rs 290.
The market continued to consolidate for another trading session on April 2 with the BSE Sensex closing above the psychological 39,000 levels, driven by auto, technology and select banks stocks.
Nifty 50 maintained a positive momentum but struggled to cross above the all-time high due to profit booking in mid & small caps.
The BSE Sensex Sensex rose 184.78 points to end at record closing high of 39,056.65 while the Nifty 50 gained 44 points to close at 11,713.20 and formed 'Doji' kind of pattern on daily charts.
According to the Pivot charts, the key support level is placed at 11,669.57, followed by 11,625.93. If the index starts moving upward, key resistance levels to watch out are 11,743.07 and 11,772.93.
The Nifty Bank index closed at 30,354.25, up 27.75 points on April 2. The important Pivot level, which will act as crucial support for the index, is placed at 30,189.04, followed by 30,023.87. On the upside, key resistance levels are placed at 30,486.14, followed by 30,618.07.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Oriental Bank of Commerce with a stop loss of Rs 112, target of Rs 120
Buy State Bank of India with a stop loss of Rs 325, target of Rs 341
Buy YES Bank with a stop loss of Rs 276, target of Rs 290
Buy Bajaj Finance with a stop loss of Rs 3030, target of Rs 3100
Buy HDFC with a stop loss of Rs 1985, target of Rs 2040
Sudarshan Sukhani of s2analytics.com
Buy Asian Paints with stop loss at Rs 1504 and target of Rs 1540
Buy BHEL with stop loss at Rs 73.5 and target of Rs 77
Buy DLF with stop loss at Rs 196 and target of Rs 203
Buy Tata Consultancy Services with stop loss at Rs 2060 and target of Rs 2095
Sell Ceat with stop loss at Rs 1140 and target of Rs 1116
Mitessh Thakkar of mitesshthakkar.com
Buy Bharti Airtel with a stop loss below Rs 352 for target of Rs 368
Sell Britannia Industries with a stop loss of Rs 3060 and target of Rs 2850
Buy GAIL India above Rs 365 with stop loss below Rs 360 for target of Rs 377
Buy NIIT Tech with a stop loss of Rs 1334 and target of Rs 1390Disclaimer: 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.The Great Diwali Discount!
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