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Last Updated : Apr 23, 2019 11:45 AM IST | Source: Moneycontrol.com

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

Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.

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The market started off the F&O expiry week on a negative note and continued its downtrend for the second consecutive session on April 22 with the Nifty closing tad below 11,600 levels. Rising crude oil prices to over five-month high dented traders sentiment.

The BSE Sensex broke the psychological 39,000 level, falling sharply by 495.10 points or 1.26 percent to close at 38,645.18 while the Nifty 50 plunged 158.30 points or 1.35 percent to 11,594.50 and formed 'Bearish Belt Hold' pattern on daily charts.

Nifty closed below 20 DMA, an important moving average considered for short term suggesting short term trend reversed to a downtrend, experts said.

According to the Pivot charts, the key support level is placed at 11,543.33, followed by 11,492.17. If the index starts moving upward, key resistance levels to watch out are 11,686.33 and 11,778.17.

The Nifty Bank index closed at 29,687.95, down 535.45 points on April 22. The important Pivot level, which will act as crucial support for the index, is placed at 29,460.37, followed by 29,232.83. On the upside, key resistance levels are placed at 30,102.67, followed by 30,517.43.

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

Ashwani Gujral of ashwanigujral.com

Buy Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150

Buy DCB Bank  with a stop loss of Rs 203, target of Rs 217

Buy Havells India with a stop loss of Rs 755, target of Rs 780

Buy Kotak Mahindra Bank with a stop loss of Rs 1345, target of Rs 1550

Sudarshan Sukhani of s2analytics.com

Buy NIIT Tech with stop loss at Rs 1306 and target of Rs 1328

Buy Havells India with stop loss at Rs 755 and target of Rs 770

Sell Reliance Capital with stop loss at Rs 136 and target of Rs 128

Sell Shriram Transport Finance with stop loss at Rs 1178 and target of Rs 1150

Sell M&M Financial Services with stop loss at Rs 416 and target of Rs 406

Mitessh Thakkar of mitesshthakkar.com

Sell Apollo Tyres with a stop loss of Rs 213.5 and target of Rs 200

Buy Hindustan Unilever around Rs 1735 with stop loss of Rs 1717 and target of Rs 1770

Buy TCS with a stop loss of Rs 2139 and target of Rs 2200

Sell Berger Paints below Rs 320 with stop loss of Rs 325 and target of Rs 308

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 23, 2019 08:37 am
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