Moneycontrol
Last Updated : Sep 21, 2018 12:44 PM IST | Source: Moneycontrol.com

Top buy & sell ideas by Ashwani Gujral, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com is of the view that one can buy Jindal Steel & Power with target at Rs 240 and stop loss at Rs 227 and Titan Company with target at Rs 860 and stop loss at Rs 810 and can sell Canara Bank with target at Rs 235 and stop loss at Rs 250.

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The Nifty continued to fall for third consecutive session to break crucial support of 11,250 levels and formed bearish candle on the daily charts again. The Nifty Midcap index also caught in bear trap, falling nearly a percent while all sectoral indices ended in the red barring Metal and IT.

The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90. The index fell nearly 100 points from day's high to end down 44.50 points at 11,234.40.

According to Pivot charts, the key support level is placed at 11,186.13, followed by 11,137.97. If the index starts moving upwards, key resistance levels to watch out are 11,307.23 and 11,380.17.

The Nifty Bank index closed at 26,277.35, down 164.10 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,138.13, followed by 25,998.96. On the upside, key resistance levels are placed at 26,514.03, followed by 26,750.77.

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

Ashwani Gujral of ashwanigujral.com

Buy IndusInd Bank with a stop loss of Rs 1780, target of Rs 1860

Buy Bajaj Finance with a stop loss of Rs 2480, target of Rs 2550

Buy Cholamandalam Investment with a stop loss of Rs 1300, target of Rs 1355

Buy Hindustan Petroleum Corporation with a stop loss of Rs 245, target of Rs 262

Buy ICICI Bank with a stop loss of Rs 315, target of Rs 332

Mitessh Thakkar of mitesshthakkar.com

Buy Aurobindo Pharma with a stop loss of Rs 765 and target of Rs 797

Buy GAIL India with a stop loss of Rs 378 and target of Rs 398

Buy Jindal Steel & Power with a stop loss of Rs 227.5 and target of Rs 244

Sell Container Corporation of India around Rs 627-630 with stop loss of Rs 645 for target of Rs 600

Buy Muthoot Finance with a stop loss of Rs 454.5 and target of Rs 472

Prakash Gaba of prakashgaba.com

Buy Jindal Steel & Power with target at Rs 240 and stop loss at Rs 227

Buy Titan Company with target at Rs 860 and stop loss at Rs 810

Sell Canara Bank with target at Rs 235 and stop loss at Rs 250

Sell Zee Entertainment with target at Rs 440 and stop loss at Rs 459

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 Sep 21, 2018 09:02 am
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