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Last Updated : Apr 09, 2019 11:05 AM IST | Source: Moneycontrol.com

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

Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.

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The market fell sharply from intraday high and closed lower on April 8 as a rise in crude oil prices to five-month highs dented traders sentiment. Banking & financials, metals and select auto stocks faced selling pressure while IT outperformed.

The BSE Sensex declined 161.70 points to 38,700.53 and the Nifty 50 slipped 61.50 points to 11,604.50 and formed bearish candle, resembling a 'Bearish

Engulfing' kind of formation on daily charts.

According to the Pivot charts, the key support level is placed at 11,532.3, followed by 11,460.1. If the index starts moving upward, key resistance levels to watch out are 11,693.5 and 11,782.5.

Close

The Nifty Bank index closed at 29,845.30, down 239.35 points on April 8. The important Pivot level, which will act as crucial support for the index, is placed at 29,630.57, followed by 29,415.83. On the upside, key resistance levels are placed at 30,146.07, followed by 30,446.83.

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

Ashwani Gujral of ashwanigujral.com

Sell Bharat Petroleum Corporation with a stop loss of Rs 356, target of Rs 340

Sell Ceat with a stop loss of Rs 1120, target of Rs 1065

Sell Reliance Capital with a stop loss of Rs 191, target of Rs  177

Buy Pidilite Industries with a stop loss of Rs 1275, target of Rs 1310

Buy Kotak Mahindra Bank with a stop loss of Rs 1330, target of Rs 1365

Sudarshan Sukhani of s2analytics.com

Buy ONGC with stop loss at Rs 156 and target of Rs 162

Buy Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200

Buy Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672

Sell HPCL with stop loss at Rs 258 and target of Rs 245

Sell Reliance Capital with stop loss at Rs 192 and target of Rs 182

Mitessh Thakkar of mitesshthakkar.com

Buy ICICI Bank around Rs 385 with stop loss of Rs 379 and target of Rs 396

Buy Indraprastha Gas with a stop loss of Rs 308 and target of Rs 326

Buy Jai Corp with a stop loss of Rs 116 and target of Rs 141

Sell Jain Irrigation Systems with a stop loss of Rs 57.5 and target of Rs 52

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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First Published on Apr 9, 2019 08:28 am
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