Sudarshan Sukhani of s2analytics.com recommends buying Manappuram Finance with stop loss at Rs 134 and target of Rs 155 and Raymond with stop loss at Rs 580 and target of Rs 650.
Sensex closed 645.97 points or 1.72 percent higher at 38,177.95 while the Nifty index closed 186.90 points or 1.68 percent higher at 11,313.30.
According to the pivot charts, the key support level for Nifty is placed at 11,161.8, followed by 11,010.3. If the index starts moving up, key resistance levels to watch out for are 11,393.2 and 11,473.1.
Nifty Bank closed with a gain of 3.67 percent at 28,785.85. The important pivot level, which will act as crucial support for the index, is placed at 28,039.36, followed by 27,292.93. On the upside, key resistance levels are placed at 29,194.96 and 29,604.13.
The index closed above 11,300 and formed a large bullish candle on the daily charts after seeing a bearish candle six days in a row. It negated the formation of lower top-lower bottom on lower time frame and also respected to its 61.8 percent retracement of the entire up move from 10,762 to 11,695 levels.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Raymond with a stop loss of Rs 580, target of Rs 640
Buy IndusInd Bank with a stop loss of Rs 1290, target of Rs 1375
Buy ICICI Bank with a stop loss of Rs 430, target of Rs 455
Buy Kotak Mahindra Bank with a stop loss of Rs 1590, target of Rs 1650
Buy Bajaj Finance with a stop loss of Rs 4080, target of Rs 4200
Sudarshan Sukhani of s2analytics.com
Buy Manappuram Finance with stop loss at Rs 134 and target of Rs 155
Buy Indraprastha Gas with stop loss at Rs 345 for target at Rs 400
Sell IDFC First Bank with stop loss at Rs 39 and target of Rs 37.5
Sell Tata Motors with stop loss at Rs 122 and target of Rs 118
Mitessh Thakkar of mitesshthakkar.com
Buy Bajaj Finance around Rs 3990 with stop loss of Rs 3950 for target of Rs 4085
Buy Vodafone Idea with a stop loss of Rs 5.50 for target of Rs 6.50
Buy Mahindra & Mahindra around Rs 570 with stop loss of Rs 560 for target of Rs 593
Sell Torrent Pharma with a stop loss of Rs 1681 for target of Rs 1625Disclaimer: 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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