Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
The market fell for a second consecutive day last Friday, which was the first day of the November series. It ended a volatile session sharply lower, but managed to defend the psychological 10,000 level.
The Nifty 50 opened flat at 10,122.35, but corrected sharply to hit an intraday low of 10,004.55. The index made many attempts to hold 10,100 levels amid volatility, but failed and finally closed 94.90 points lower at 10,030.
The index formed a large bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts as well as weekly scale.
India VIX moved up by 3.21 percent to 19.57 levels. Volatility is not cooling off, which is concerning the market. It has to go down below 17-16 zones to rescue the bulls after the sharp cut of last two months.
According to Pivot charts, the key support level is placed at 9,980.07, followed by 9,930.13. If the index starts moving upwards, key resistance levels to watch out are 10,104.37 and then 10,178.73.
The Nifty Bank index closed at 24,421.05, down 396.40 points on October 26. The important Pivot level, which will act as crucial support for the index, is placed at 24,258.83, followed by 24,096.57. On the upside, key resistance levels are placed at 24,677.63, followed by 24,934.17.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell United Breweries with a stop loss of Rs 1130, target of Rs 1080
Sell TCS with a stop loss of Rs 1820, target of Rs 1760
Sell IndusInd Bank with a stop loss of Rs 1460, target of Rs 1410
Buy Adani Power with a stop loss of Rs 34, target of Rs 38
Buy Petronet LNG with a stop loss of Rs 213, target of Rs 228
Sudarshan Sukhani of s2analytics.com
Buy Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680
Buy KPIT Tech with stop loss at Rs 210 and target of Rs 234
Buy Havells India with stop loss at Rs 590 and target of Rs 620
Sell Capital First with stop loss at Rs 455 and target of Rs 440
Sell Max Financial with stop loss at Rs 372 and target of Rs 351
Mitessh Thakkar of mitesshthakkar.com
Buy Adani Power with a stop loss of Rs 34.5 and target of Rs 38
Buy Ajanta Pharma with a stop loss below Rs 965 for target of Rs 1004
Buy MRF with a stop loss of Rs 62400 and target of Rs 63500
Sell United Breweries around Rs 1120 with stop loss of Rs 1140 for target of Rs 1085Disclaimer: 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.