Prakash Gaba of prakashgaba.com recommends buying Bajaj Finance with target at Rs 3100 and stop loss at Rs 2950 and Jubliant Foodworks with target at Rs 1280 and stop loss at Rs 1200.
Benchmark indices ended lower on May 15 in volatile trade. Nifty wiped out all gains made on Tuesday finishing just above 11,150 levels led by a fall in metal stocks.
At close, the Sensex was down 203.65 points at 37,114.88, while Nifty was down 65 points at 11,157. About 982 shares advanced, 1,544 shares declined, and 176 shares were unchanged.
Yes Bank, Tata Motors, Zee Entertainment, JSW Steel and Gail were the top losers on the Nifty, while gainers were Bajaj Finance, Eicher Motors, UPL, IOC and Indiabulls Housing.
Among the sectors, the metal index slipped 2 percent followed by auto, infra, pharma, FMCG and bank.
According to the Pivot charts, the key support level is placed at 11,100.4, followed by 11,043.8. If the index starts moving upward, key resistance levels to watch out are 11,250.2 and 11,343.4.
The Nifty Bank index closed at 28,616.45, down 212.75 points on May 15. The important Pivot level, which will act as crucial support for the index, is placed at 28,453.33, followed by 28,290.27. On the upside, key resistance levels are placed at 28,881.33, followed by 29,146.27.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Sudarshan Sukhani of s2analytics.com
Buy UPL with stop loss at Rs 960 and target of Rs 976
Buy Titan Company with stop loss at Rs 1152 and target of Rs 1180
Sell Bank of India with stop loss at Rs 80.8 and target of Rs 78.8
Sell Oriental Bank of Commerce with stop loss at Rs 91 and target of Rs 88
Sell Castrol India with stop loss at Rs 142.8 and target of Rs 140
Mitessh Thakkar of mitesshthakkar.com
Sell Hindustan Unilever with a stop loss of Rs 1691 and target of Rs 1635
Buy Interglobe Aviation with a stop loss of Rs 1590 and target of Rs 1650
Sell Maruti Suzuki below Rs 6460 with stop loss of Rs 6525 for target of Rs 6300
Buy UPL with a stop loss of Rs 958 and target of Rs 995
Prakash Gaba of prakashgaba.com
Buy Bajaj Finance with target at Rs 3100 and stop loss at Rs 2950
Buy Jubliant Foodworks with target at Rs 1280 and stop loss at Rs 1200
Sell Dish TV with target at Rs 23 and stop loss at Rs 31
Sell Vodafone Idea with target at Rs 10 and stop loss at Rs 14Disclaimer: 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.