Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Bears continued to dominate Dalal Street for the second consecutive session on August 13 as the Nifty50 fell sharply, closing far below the psychological 11,400-mark following the Turkey crisis and further weakness in the rupee against the dollar.

The Nifty closed below the five-day EMA as well as nine-day EMA, which offered major support to Nifty in earlier corrections. The index formed a small bearish candle on the daily charts.

The Nifty50 after opening sharply lower and breaking 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw back above 11,400 in afternoon trade, but failed to hold the same level and closed 73.70 points lower at 11,355.80.

India VIX moved up by 4.08 percent at 13.37 levels. Spurt in VIX suggests that upside is going to be capped on immediate basis.

According to Pivot charts, the key support level is placed at 11,328.63, followed by 11,301.47. If the index starts moving upwards, key resistance levels to watch out are 11,394.63 and 11,433.47.

The Nifty Bank index closed at 27,794.40, down 329.85 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 27,718.67, followed by 27,642.93. On the upside, key resistance levels are placed at 27,890.97, followed by 27,987.54.

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

Ashwani Gujral of ashwanigujral.com

Sell TVS Motor Company with a stop loss of Rs 525, target of Rs 500

Sell Yes Bank with a stop loss of Rs 375, target of Rs 350

Sell Engineers India with a stop loss of Rs 126, target of Rs 114

Buy Britannia Industries with a stop loss of Rs 6400, target of Rs 6550

Buy Tech Mahindra with a stop loss of Rs 654, target of Rs 680

Sudarshan Sukhani of s2analytics.com

Buy Torrent Pharma with a stop loss at Rs 1675 and target of Rs 1735

Buy NIIT Tech with a stop loss at Rs 1125 and target of Rs 1325

Sell IRB Infra with a stop loss at Rs 192 and target of Rs 185

Sell Bharat Forge with a stop loss at Rs 620 and target of Rs 590

Sell TVS Motor with a stop loss at Rs 525 and target of Rs 510

Mitessh Thakkar of mitesshthakkar.com

Sell Dish TV with a stop loss of Rs 67.5 and target of Rs 62

Buy HCL Tech with a stop loss of Rs 964 and target of Rs 1015

Buy Mahindra & Mahindra with a stop loss of Rs 938 and target of Rs 985

Sell Torrent Power with a stop loss of Rs 229 and target of Rs 212

Sell Zee Entertainment around Rs 508 - 509 with stop loss of Rs 519.5 and target of Rs 485

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.