Moneycontrol Be a Pro
Get App
Last Updated : Apr 25, 2019 09:22 AM IST | Source: Moneycontrol.com

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv with a stop loss of Rs 7594 and target of Rs 7740 and HCL Tech with a stop loss of Rs 1120 and target of Rs 1175.

Moneycontrol News @moneycontrolcom

Bulls staged smart comeback on April 24 after selling pressure seen in previous three consecutive sessions. The rally in banking & financials and technology stocks lifted benchmark indices above their psychological levels (39,000 on Sensex and 11,700 on Nifty).

The BSE Sensex rallied 489.80 points or 1.27 percent to close at 39,054.68 while the Nifty50 climbed 150.20 points or 1.30 percent to 11,726.20 and formed strong bullish candle on daily charts.

The sharp rebound ahead of April F&O expiry indicated that uptrend may continue and Nifty could move towards an all-time high of 11,850 levels in the near term, experts said.

Close

According to the Pivot charts, the key support level is placed at 11,623.07, followed by 11,519.93. If the index starts moving upward, key resistance levels to watch out are 11,785.07 and 11,843.93.

The Nifty Bank index closed at 29,860.80, up 381.10 points on April 24. The important Pivot level, which will act as crucial support for the index, is placed at 29,559, followed by 29,257.2. On the upside, key resistance levels are placed at 30,038.7, followed by 30,216.6.

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

Ashwani Gujral of ashwanigujral.com

Buy Lupin with a stop loss of Rs 858, target of Rs 880

Buy UltraTech Cement with a stop loss of Rs 4360, target of Rs 4500

Buy HCL Tech with a stop loss of Rs 1120, target of Rs 1160

Buy Bata India with a stop loss of Rs 1450, target of Rs 1500

Buy Bajaj Finance with a stop loss of Rs 3070, target of Rs 3150

Sudarshan Sukhani of s2analytics.com

Buy Rural Electrification Corporation with stop loss at Rs 149 and target of Rs 154

Buy DCB Bank with stop loss at Rs 208 and target of Rs 217

Buy TVS Motor with stop loss at Rs 512 and target of Rs 524

Buy Hindustan Unilever with stop loss at Rs 1745 and target of Rs 1772

Sell NMDC with stop loss at Rs 103.5 and target of Rs 101

Mitessh Thakkar of mitesshthakkar.com

Buy Bajaj Finserv with a stop loss of Rs 7594 and target of Rs 7740

Buy HCL Tech with a stop loss of Rs 1120 and target of Rs 1175

Sell Dabur India with a stop loss of Rs 403 and target of Rs 388

Buy Hindustan Unilever with a stop loss of Rs 1739 and target of Rs 1780

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 Apr 25, 2019 08:54 am
Loading...
NULL int(1)
Sections
Follow us on
Available On
PCI DSS Compliant