Sudarshan Sukhani of s2analytics.com recommends buying Britannia Industries with stop loss at Rs 2845 and target of Rs 2940 and Larsen & Toubro with stop loss at Rs 1465 and target of Rs 1550.
Benchmark indices on June 19 ended almost flat on the back of selective buying and selling in equities. The BSE Sensex gained 66.40 points at 39,112.74 while the Nifty50 ended flat at 11,691.50 and formed bearish candle or 'High Wave' kind of pattern on daily charts.
The Nifty Midcap index was down a percent and Smallcap index fell 1.8 percent as breadth was in favour of bears. About five shares declined for every two shares rising on the NSE. The sectoral trend was mixed with Nifty Auto index falling a percent and Pharma 1.6 percent while Bank index was flat.
According to the Pivot charts, the key support level is placed at 11,610.23, followed by 11,528.97. If the index starts moving upward, key resistance levels to watch out are 11,787.63 and 11,883.77.
Nifty Bank closed at 30,362.10, up 11.10 points on June 19. The important Pivot level, which will act as crucial support for the index, is placed at 30,169.66, followed by 29,977.23. On the upside, key resistance levels are placed at 30,626.86, followed by 30,891.63.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell Repco Home Finance with a stop loss of Rs 364, target of Rs 346
Sell Raymond with a stop loss of Rs 245, target of Rs 230
Sell Amara Raja with a stop loss of Rs 590, target of Rs 565
Buy ICICI Prudential with a stop loss of Rs 360, target of Rs 375
Buy Siemens with a stop loss of Rs 1255, target of Rs 1300
Sudarshan Sukhani of s2analytics.com
Buy Britannia Industries with stop loss at Rs 2845 and target of Rs 2940
Buy Syndicate Bank with stop loss at Rs 35 and target of Rs 37.5
Buy Larsen & Toubro with stop loss at Rs 1465 and target of Rs 1550
Sell India Cements with stop loss at Rs 93.5 and target of Rs 90
Sell Sun Pharma with stop loss at Rs 382 and target of Rs 365
Mitessh Thakkar of mitesshthakkar.com
Buy Havells India with a stop loss of Rs 776 and target of Rs 800
Sell Hindalco Industries around Rs 191-192 with stop loss of Rs 196 and target of Rs 183
Buy Kotak Mahindra Bank with a stop loss below Rs 1485 for target of Rs 1522
Sell Strides Pharma with a stop loss of Rs 403 and target of Rs 380Disclaimer: 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 .