Sudarshan Sukhani of s2analytics.com recommennds buying Hexaware Tech with stop loss at Rs 349 and target of Rs 370, Syndicate Bank with stop loss at Rs 34 and target of Rs 37 and CESC with stop loss at Rs 750 and target of Rs 780.
Sensex tumbled 491 points and Nifty slipped over 151 points, investors are looking over their shoulders as fear of India-US trade war looms large. The broader markets fell in line with benchmarks. The Nifty Midcap index plummeted 1.17 percent and Smallcap index lost 1.58 percent. About three share declined for every share rising on the NSE.
According to the Pivot charts, the key support level is placed at 11,605.33, followed by 11,538.47. If the index starts moving upward, key resistance levels to watch out are 11,791.53 and 11,910.87.
Nifty Bank closed at 30,273.25, down 341.10 points on June 17. The important Pivot level, which will act as crucial support for the index, is placed at 30,120.37, followed by 29,967.54. On the upside, key resistance levels are placed at 30,555.07, followed by 30,836.93.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell Tata Motors DVR with a stop loss of Rs 80, target of Rs 72
Sell L&T Finance Holdings with a stop loss of Rs 119, target of Rs 112
Sell Ashok Leyland with a stop loss of Rs 86, target of Rs 78
Sell Amara Raja Batteries with a stop loss of Rs 610, target of Rs 585
Buy Bata India with a stop loss of Rs 1410, target of Rs 1450
Sudarshan Sukhani of s2analytics.com
Buy Hexaware Tech with stop loss at Rs 349 and target of Rs 370
Buy Syndicate Bank with stop loss at Rs 34 and target of Rs 37
Buy CESC with stop loss at Rs 750 and target of Rs 780
Sell Indiabulls Housing Finance with stop loss at Rs 665 and target of Rs 638
Sell IDFC First Bank with stop loss at Rs 42.5 and target of Rs 40
Mitessh Thakkar of mitesshthakkar.com
Sell Bajaj Finserv with a stop loss of Rs 8225 and target of Rs 7850
Sell Bharat Forge with a stop loss of Rs 450.5 and target of Rs 425
Sell Bosch with a stop loss of Rs 16800 and target of Rs 16000
Buy Larsen & Toubro with a stop loss below Rs 1484 for target of Rs 1530Disclaimer: 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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