LIVE: Watch now - How the Covid-19 pandemic is redefining digital payments
Last Updated : May 13, 2019 11:36 AM IST | Source: Moneycontrol.com

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

Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro with stop loss at Rs 1335 and target of Rs 1370 and Hexaware Tech with stop loss at Rs 342 and target of Rs 351.

Nifty failed to hold 11,300 as benchmark indices fell for the eighth consecutive session on May 10. The Sensex ended nearly 100 points lower, while Nifty closed at 11,278.

Tata Steel, HCL Tech, Yes Bank, IndusInd Bank and IOC were biggest index losers, while Zee Entertainment, Titan Company, Bharti Airtel, SBI and Indiabulls Housing were gainers.

Metal, IT, pharma, energy, FMCG and auto witnessed selling pressure, while some buying was seen in banks and infra companies. Midcap and smallcap index ended with marginal gains.


According to the Pivot charts, the key support level is placed at 11,238, followed by 11,197.1. If the index starts moving upward, key resistance levels to watch out are 11,332.8 and 11,386.7.

The Nifty Bank index closed at 29,040.5, up 155.9 points on May 10. The important Pivot level, which will act as crucial support for the index, is placed at 28,892.8, followed by 28,745.1. On the upside, key resistance levels are placed at 29,195.5, followed by 29,350.5.

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

Sudarshan Sukhani of s2analytics.com

Buy Larsen & Toubro with stop loss at Rs 1335 and target of Rs 1370

Buy Hexaware Tech with stop loss at Rs 342 and target of Rs 351

Sell Reliance Capital with stop loss at Rs 121 and target of Rs 115

Sell Hindustan Zinc with stop loss at Rs 263 and target of Rs 257

Sell NTPC with stop loss at Rs 127.8 and target of Rs 125

Mitessh Thakkar of mitesshthakkar.com

Sell Eicher Motors with a stop loss of Rs 20750 and target of Rs 19000.

Sell Muthoot Finance with stop loss of Rs 586 and target of Rs 550

Buy RBL Bank with a stop loss of Rs 664 and target of Rs 698

Buy State Bank of India with a stop loss of Rs 302.5 and target of Rs 318

Prakash Gaba of prakashgaba.com

Buy Manappuram Investment with target at Rs 120 and stop loss at Rs 115

Buy NCC with target at Rs 100 and stop loss at Rs 94

Sell Mindtree with target at Rs 960 and stop loss at Rs 980

Sell TCS with target at Rs 2090 and stop loss at Rs 2160

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.​
First Published on May 13, 2019 08:11 am