Prakash Gaba of prakashgaba.com recommends buying LIC Housing Finance with target at Rs 500 and stop loss at Rs 480, MCX India with target at Rs 852 and stop loss at Rs 812 and Vedenta with target at Rs 168 and stop loss at Rs 156.
Benchmark indices closed higher on May 14 ending nine straight sessions of fall and the Nifty closing above the 11,200-mark. At close, the Sensex was up 227.71 points at 37318.53, while Nifty was up 73.80 points at 11222. About 1,215 shares advanced, 1,269 shares declined, and 131 shares were unchanged.
Indiabulls Housing, Bharti Airtel, Sun Pharma, Vedanta and GAIL were among major gainers on the Nifty, while Tech Mahindra, TCS, Bajaj Finance, Wipro and HCL Tech were among losers.
Except for Nifty IT, all other sectoral indices ended in the green led by PSU bank, infra, pharma and energy up 1-3 percent, followed by metal, FMCG and auto.
According to the Pivot charts, the key support level is placed at 11,121.93, followed by 11,021.87. If the index starts moving upward, key resistance levels to watch out are 11,308.43 and 11,394.87.
The Nifty Bank index closed at 28,829.2, up 169.25 points on May 14. The important Pivot level, which will act as crucial support for the index, is placed at 28,588.43, followed by 28,347.66. On the upside, key resistance levels are placed at 29,064.13, followed by 29,299.07.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Sudarshan Sukhani of s2analytics.com
Buy Ajanta Pharma with stop loss at Rs 1045 and target of Rs 1070
Buy Colgate Palmolive with stop loss at Rs 1112 and target of Rs 1135
Buy BPCL with stop loss at Rs 353 and target of Rs 362
Sell NMDC with stop loss at Rs 93 and target of Rs 91
Sell Escorts with stop loss at Rs 584 and target of Rs 568
Mitessh Thakkar of mitesshthakkar.com
Buy State Bank of India with a stop loss of Rs 309.5 and target of Rs 325
Sell Bosch with a stop loss of Rs 17200 and target of Rs 16000
Buy Manappuram Finance with a stop loss of Rs 117.8 and target of Rs 127
Sell Pidilite Industries with a stop loss of Rs 1150 and target of Rs 1106
Prakash Gaba of prakashgaba.com
Buy LIC Housing Finance with target at Rs 500 and stop loss at Rs 480
Buy MCX India with target at Rs 852 and stop loss at Rs 812
Buy Vedenta with target at Rs 168 and stop loss at Rs 156
Sell Bata India with target at Rs 1260 and stop loss at Rs 1340Disclaimer: 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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