Sudarshan Sukhani of s2analytics.com recommends buying Kotak Mahindra Bank with stop loss at Rs 1355 and target of Rs 1395 and Infosys with stop loss at Rs 732 and target of Rs 745.
Market ended at day’s high on April 26, 2019 but for the week it was a flat close. The BSE Sensex gained 336.47 points to end at 39,067.33, while Nifty was up 112.90 points at 11,754.70 on Friday.
Broader market underperformed frontliners with the Nifty Midcap index shed 0.44 percent and Smallcap index ended with marginal loss. Among sectors, Nifty Bank, Energy and metal gained more thn a percent, while auto index remained under pressure.
According to the Pivot charts, the key support level is placed at 11,690.03, followed by 11,625.37. If the index starts moving upward, key resistance levels to watch out are 11,791.13 and 11,827.57.
The Nifty Bank closed at 30,013.5, up 452.15 points, on April 26. The important Pivot level, which will act as crucial support for the index, is placed at 29,701.73, followed by 29,389.97. On the upside, key resistance levels are placed at 30,186.73, followed by 30,359.97.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Sudarshan Sukhani of s2analytics.com
Buy Kotak Mahindra Bank with stop loss at Rs 1355 and target of Rs 1395
Buy Infosys with stop loss at Rs 732 and target of Rs 745
Buy NIIT Tech with stop loss at Rs 1300 and target of Rs 1330
Sell Allahabad Bank with stop loss at Rs 49.5 and target of Rs 47.5
Sell DHFL with stop loss at Rs 146 and target of Rs 142.5
Mitessh Thakkar of mitesshthakkar.com
Buy HPCL with a stop loss of Rs 277.5 and target of Rs 294
Buy Cipla with a stop loss of Rs 558 and target of Rs 585
Sell YES Bank with a stop loss of Rs 242 and target of Rs 224
Buy ICICI Bank with a stop loss of Rs 400 and target of Rs 420Disclaimer: 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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