Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 920, target of Rs 945, Ajanta Pharma with a stop loss of Rs 1130, target of Rs 1165 and Bajaj Finance with a stop loss of Rs 2400, target of Rs 2520.
The market extended losses for the second consecutive session on Wednesday following global weakness and dragged by technology stocks.
The Nifty50 fell near 10,550 levels but showed some recovery in later part of the session and defended 10,600 levels. The index lost 56.20 points to close at 10,600 while the Sensex fell 274.71 points to 35,199.80.
The consistent sell-off amid volatility indicated that cautious approach would be prudent strategy now, experts said.
According to Pivot charts, the key support level is placed at 10,551.1, followed by 10,502.2. If the index starts moving upwards, key resistance levels to watch out are 10,660.1 and then 10,720.2.
The Nifty Bank index closed at 26,262.05, up 148.70 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,101.1, followed by 25,940.1. On the upside, key resistance levels are placed at 26,382.6, followed by 26,503.1.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Titan Company with a stop loss of Rs 920, target of Rs 945
Buy Ajanta Pharma with a stop loss of Rs 1130, target of Rs 1165
Buy Bajaj Finance with a stop loss of Rs 2400, target of Rs 2520
Buy Axis Bank with a stop loss of Rs 620, target of Rs 646
Buy Aurobindo Pharma with a stop loss of Rs 797, target of Rs 820
Sudarshan Sukhani of s2analytics.com
Buy Aurobindo Pharma with stop loss at Rs 790 and target of Rs 815
Buy Raymond with stop loss at Rs 790 and target of Rs 820
Sell Bajaj Auto with stop loss at Rs 2630 and target of Rs 2560
Sell Balkrishna Industries with stop loss at Rs 965 and target of Rs 935
Sell Coal India with stop loss at Rs 263 and target of Rs 256
Mitessh Thakkar of mitesshthakkar.com
Buy Axis Bank above Rs 631 with stop loss of Rs 622 and target of Rs 655
Buy L&T Finance Holdings with a stop loss of Rs 133 and target of Rs 145
Sell Power Grid with a stop loss of Rs 186 and target of Rs 175
Buy Bajaj Finserv with a stop loss of Rs 5750 and target of Rs 6100Disclaimer: 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.The Great Diwali Discount!
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