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

The Nifty snapped its four-day winning streak and closed Friday's sideways session on a weak note, forming an indecisive Doji pattern on the daily candlestick charts. On the weekly scale, the index formed a bullish candle.

The index after opening lower at 11,566.60 managed to clawback to hit a high of 11,604.60. It wiped out its gains in the first hour of trade itself to hit a low of 11,532. It remained rangebound for rest of Friday and closed 25.70 points lower at 11,557.10. For the week, the Nifty rallied 0.75 percent.

India VIX fell 3.35 percent to 12.33 levels. Lower volatility suggests that bulls could support the market on a decline.

According to pivot charts, key support is placed at 11,524.53, followed by 11,491.97. If the index starts moving upwards, the key resistance levels to watch out are 11,597.13 and 11,637.17.

The Nifty Bank index closed at 27,834.70, down 193.20 points on Friday. The important pivot level, which will act as crucial support for the index, is placed at 27,704.06, followed by 27,573.43. On the upside, key resistance levels are placed at 28,044.06, followed by 28,253.43.

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

Ashwani Gujral of ashwanigujral.com

Buy Apollo Hospitals with stop loss of Rs 1185, target of Rs 1230

Buy VIP Industries with a stop loss of Rs 597, target of Rs 620

Buy JSW Steel with stop loss of Rs 350, target of Rs 364

Sell Can Fin Homes with stop loss of Rs 325, target of Rs 310

Sell Tata Global Beverage with a stop loss of Rs 235, target of Rs 224

Sudarshan Sukhani of s2analytics.com

Buy Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000

Buy Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980

Buy Berger Paints with stop loss at Rs 332 and target of Rs 344

Buy Kotak Mahindra Bank with stop loss at Rs 1242 and target of Rs 1282

Sell Shriram Transport Finance with stop loss at Rs 1320 and target of Rs 1275

Mitessh Thakkar of mitesshthakkar.com

Buy Balrampur Chini with a stop loss of Rs 72 and target of Rs 80.5

Buy JSW Steel with a stop loss of Rs 345 and target of Rs 373

Buy NALCO above Rs 73.5 with stop loss of Rs 71.9 for target of Rs 78

Buy Tata Chemicals with a stop loss of Rs 717 and target of Rs 750

Sell Sun TV with a stop loss of Rs 790 and target of Rs 725

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.