Sudarshan Sukhani of s2analytics.com recommends buying Lupin with stop loss at Rs 858 and target of Rs 872, DCB Bank with stop loss at Rs 213 and target of Rs 218 and ICICI Bank with stop loss at Rs 375 and target of Rs 388.
Benchmark indices fell for the seventh straight session on May 9. The Sensex slipped over 200 points and the Nifty closed just above 11,300 levels on the back of weak global cues.At close, the Sensex was down 230.22 points at 37,558.91, while Nifty was down 57.70 points at 11,301.80. About 1,074 shares advanced, 1,370 shares
declined, and 150 shares were unchanged.
Top losers on the Nifty were Reliance Industries, BPCL, Coal India, Asian Paints and NTPC, while gainers were Zee Entertainment, Yes Bank, Bajaj Finserv, Bajaj Finance and Hero Motocorp.
Among sectoral indices, metal, infra, energy, pharma, and bank ended in the red, while some buying was seen in the IT and FMCG spaces.
According to the Pivot charts, the key support level is placed at 11,252, followed by 11,202.2. If the index starts moving upward, key resistance levels to watch out are 11,354.6 and 11,407.4.
The Nifty Bank index closed at 28,884.6, down 109.8 points on May 9. The important Pivot level, which will act as crucial support for the index, is placed at 28,766.1, followed by 28,647.6. On the upside, key resistance levels are placed at 29,021.7, followed by 29,158.8.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Sudarshan Sukhani of s2analytics.com
Buy Lupin with stop loss at Rs 858 and target of Rs 872
Buy DCB Bank with stop loss at Rs 213 and target of Rs 218
Buy ICICI Bank with stop loss at Rs 375 and target of Rs 388
Sell Bharat Forge with stop loss at Rs 466 and target of Rs 454
Sell United Spirits with stop loss at Rs 534 and target of Rs 515
Mitessh Thakkar of mitesshthakkar.com
Buy Ajanta Pharma with a stop loss of Rs 1048 and target of Rs 1100
Buy Bharat Electronics with a stop loss of Rs 88 and target of Rs 94
Sell Torrent Pharma with a stop loss of Rs 254 and target of Rs 235
Buy Indraprastha Gas with a stop loss of Rs 311.5 and target of Rs 324
Prakash Gaba of prakashgaba.com
Buy Cholamandalam Investment with target at Rs 1370 and stop loss at Rs 1280
Buy Godrej Consumer with target at Rs 655 and stop loss at Rs 630
Buy YES Bank with target at Rs 180 and stop loss at Rs 161
Sell Interglobe Aviation with target at Rs 1485 and stop loss at Rs 1584Disclaimer: 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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