Moneycontrol Be a Pro
Get App
Last Updated : Jun 10, 2019 08:12 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 Bajaj Finance with stop loss at Rs 3480 and target of Rs 3560, ICICI Bank with stop loss at Rs 413 and target of Rs 430 and Tata Consultancy Services with stop loss at Rs 2160 and target of Rs 2200.

Moneycontrol News @moneycontrolcom

After a rangebound trade, the market recouped its losses in the final hour and closed with marginal gains on June 7, driven by select banking and financials and IT stocks. The BSE Sensex gained 86.18 to close at 39,615.90, while the Nifty50 rose 26.90 points to 11,870.70 and formed a small bullish candle which resembles a Doji on daily charts.

However, for the week, the Sensex lost 0.25 percent, while the Nifty50 shed 0.44 percent and formed a Spinning Top pattern on the weekly charts.

Both technical patterns indicate indecisiveness on Dalal Street, which pointed towards the consolidation in the coming week, experts said, adding the range could 11,700 to 12,000 on the Nifty.

Close

According to the Pivot charts, the key support level is placed at 11,794.3, followed by 11,717.9. If the index starts moving upward, key resistance levels to watch out are 11,922.3 and 11,973.9.

The Nifty Bank index closed at 31,066.55, up 209.15 points on June 7. The important Pivot level, which will act as crucial support for the index, is placed at 30,749.26, followed by 30,431.93. On the upside, key resistance levels are placed at 31,261.76, followed by 31,456.93.

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

Ashwani Gujral of ashwanigujral.com

Buy Apollo Hospitals with a stop loss of Rs 1380, target of Rs 1440

Buy Bajaj Finance with a stop loss of Rs 3490, target of Rs 3550

Buy HDFC with a stop loss of Rs 2195, target of Rs 2250

Buy HPCL with a stop loss of Rs 305, target of Rs 321

Buy DCB Bank with a stop loss of Rs 235, target of Rs 250

Sudarshan Sukhani of s2analytics.com

Buy Bajaj Finance with stop loss at Rs 3480 and target of Rs 3560

Buy ICICI Bank with stop loss at Rs 413 and target of Rs 430

Buy Tata Consultancy Services with stop loss at Rs 2160 and target of Rs 2200

Sell Hindustan Zinc with stop loss at Rs 240.5 and target of Rs 236

Sell Ceat with stop loss at Rs 979 and target of Rs 968

Mitessh Thakkar of mitesshthakkar.com

Buy Havells India with a stop loss of Rs 774 and target of Rs 815

Buy NBCC with a stop loss below Rs 59.5 for target of Rs 64

Buy Reliance Industries with a stop loss of Rs 1299 and target of Rs 1345

Sell Biocon around Rs 532 with stop loss of Rs 543 for target of Rs 510

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.​

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 10, 2019 08:12 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant