Moneycontrol
Last Updated : Aug 29, 2018 12:17 PM IST | Source: Moneycontrol.com

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

Mitessh Thakkar of miteshthacker.com suggests buying V-Guard Industries above Rs 218.5 with stop loss of Rs 212 and target of Rs 232, Bharat Forge above Rs 657 with stop loss of Rs 645 and target of Rs 680 and HDFC Bank with a stop loss of Rs 2080 and target of Rs 2120.

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Indian market hit fresh records on August 28 supported by positive global cues. The Nifty50 hit a new high of 11,760, but witnessed profit booking at higher levels and closed near its opening level forming a ‘Doji’ type of candle on the daily candlestick charts.

Although the Nifty50 surpassed 11,750, it witnessed profit booking near 11,760 which pushed the index towards 11,700 levels. However, bulls managed to pull the index near its opening level of 11,731. The index finally closed 46 points higher at 11,738.

According to Pivot charts, the key support level is placed at 11,712, followed by 11,686. If the index starts moving upwards, key resistance levels to watch out are 11,762 and 11,786.

The Nifty Bank index closed at 28,269, up 5 points. The important Pivot level, which will act as crucial support for the index, is placed at 28,152, followed by 28034. On the upside, key resistance levels are placed at 28,388, followed by 28,506.

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

Ashwani Gujral of ashwanigujral.com

Buy Bata India with a stop loss of Rs 1085, target of Rs 1140

Buy Axis Bank with a stop loss of Rs 654, target of Rs 680

Buy Adani Enterprises with a stop loss of Rs 225, target of Rs 238

Buy Dewan Housing Finance with a stop loss of Rs 660, target of Rs 685

Buy Balkrishna Industries with a stop loss of Rs 1395, target of Rs 1440

Sudarshan Sukhani of s2analytics.com

Buy Mahindra & Mahindra with a stop loss at Rs 974 and target of Rs 995

Buy Hindustan Zinc  with a stop loss at Rs 295 and target of Rs 302

Buy Motherson Sumi Systems with a stop loss at Rs 303 and target of Rs 310

Sell BPCL with a stop loss at Rs 365 and target of Rs 351

Sell Coal India with a stop loss at Rs 298 and target of Rs 290

Mitessh Thakkar of miteshthacker.com

Buy V-Guard Industries above Rs 218.5 with stop loss of Rs 212 and target of Rs 232

Buy Bharat Forge above Rs 657 with stop loss of Rs 645 and target of Rs 680

Buy HDFC Bank with a stop loss of Rs 2080 and target of Rs 2120

Sell Tata Elxsi with a stop loss of Rs 1431 and target of Rs 1390

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 Aug 29, 2018 09:10 am
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