Get App
Last Updated : Aug 13, 2019 11:29 AM IST | Source:

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

Mitessh Thakkar of recommends buying Bharat Forge with a stop loss of Rs 424 and target of Rs 439 and Muthoot Finance with a stop loss of Rs 639.5 and target of Rs 666.

Moneycontrol News @moneycontrolcom

The market continued to rally for the second straight session on August 9, helping benchmark indices post their first weekly gains in the last five weeks. The uptrend seen was on the hope of measures to boost economic growth and revive dented sentiment on the FPI front.

The BSE Sensex trimmed gains from 480 points intraday to 254.55 points to close at 37,581.91, taking total weekly gains to over a percent. The Nifty 50 rose 77.20 points to 11,109.70 and formed bullish candle resembling a Shooting Star kind of pattern on daily charts. The index also formed a bullish candle on a weekly scale.

The broader markets also saw buying interest, with the Nifty Midcap index rising a percent on Friday and 1.5 percent for the week.


According to the pivot charts, the key support level is placed at 11,054.5, followed by 10,999.3. If the index starts moving upward, the key resistance levels to watch for out are 11,173.2 and 11,236.7.

The Nifty Bank closed at 28,431.90, up by 321.45 points on August 9. The important pivot level, which will act as crucial support for the index, is placed at 28,254.87, followed by 28,077.83. On the upside, key resistance levels are placed at 28,605.87 and 28,779.83.

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

Sudarshan Sukhani of

Buy Mindtree with stop loss at Rs 740 and target of Rs 770

Buy Aurobindo Pharma with stop loss at Rs 590 and target of Rs 618

Buy Manappuram Finance with stop loss at Rs 119 and target of Rs 131

Sell Tata Motors with stop loss at Rs 125 and target of Rs 117

Mitessh Thakkar of

Buy Bharat Forge with a stop loss of Rs 424 and target of Rs 439

Buy Muthoot Finance with a stop loss of Rs 639.5 and target of Rs 666

Buy Bharat Heavy Electricals with a stop loss of Rs 639.5 and target of Rs 666

Buy Indiabulls Housing Finance with a stop loss of Rs 487 and target of Rs 540

Disclaimer: The views and investment tips expressed by investment experts on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.​

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Aug 13, 2019 08:57 am
Follow us on
Available On
PCI DSS Compliant