Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.
Global concerns and rupee volatility dragged the market near seven-month low on October 23. After a sharp gap down opening the Nifty 50 traded lower throughout the session and closed near its starting point of the day.
The index made a small bullish candle and formed 'Long Legged Doji' pattern on the daily candlestick charts.
The Nifty50 after the gap down opening traded range bound and extended losses in the second half of the session to hit an intraday low of 10,102.35. The index managed to recover some losses in late trade but still closed 98.50 points lower at 10,146.80.
India VIX fell sharply by 10.87 percent at 19.03. During the session volatility index made a high of 22.35 and witnessed a cool off even after the overall weakness in the Nifty index which suggests an early sign of consolidation in the market. However, VIX has to go down below 17-16 zones to rescue the bulls after the sharp cut of last two months.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Chennai Petro with a stop loss of Rs 260, target of Rs 274
Buy Kotak Mahindra Bank with a stop loss of Rs 1160, target of Rs 1200
Buy Jet Airways with a stop loss of Rs 208, target of Rs 230
Buy TVS Motor with a stop loss of Rs 530, target of Rs 545
Buy HPCL with a stop loss of Rs 212, target of Rs 228
Sudarshan Sukhani of s2analytics.com
Buy Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135
Buy Glenmark Pharma with stop loss at Rs 606 and target of Rs 636
Buy Havells India with stop loss at Rs 585 and target of Rs 630
Sell Bharti Infratel with stop loss at Rs 270 and target of Rs 255
Sell Raymond with stop loss at Rs 635 and target of Rs 600
Mitessh Thakkar of mitesshthakkar.com
Buy Bharat Electronics with a stop loss of Rs 85 and target of Rs 92
Buy Jet Airways with a stop loss below Rs 209 and target of Rs 221
Sell Divis Lab below Rs 1239 with stop loss of Rs 1254 and target of Rs 1205
Buy Power Finance Corporation with a stop loss of Rs 80.2 and target of Rs 85Disclaimer: 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.