The Nifty50 which started with a gap-up on Friday continued its journey of making higher highs and higher lows and closed above its crucial resistance levels of 10,785-10,800 on daily charts. The index formed a bullish candle on the daily as well as weekly charts.
Formation of a bullish candle negates the formation of a bearish candle formed in the previous trading session. Hence, investors are advised to stay cautious ahead of the Karnataka election outcome next week.
Level of 10,785 which acted as a crucial resistance level for the index this week will now act as a crucial support for the index. Hence, a break below this level could open room for bears to enter.
Here are the list of top stocks to buy or sell which are good bets today:
Rajesh Agarwal of AUM Capital
Buy Dredging Corporation of India with stop loss at Rs 597 and target at Rs 633
Buy Graphite India with stop loss at Rs 718 and target at Rs 745
Buy AIA Engineering with stop loss at Rs 1420 and target at Rs 1520
Buy Solar Industries India with stop loss at Rs 1030 and target at Rs 1105
Buy Sun TV Network with stop loss at Rs 860 and target at Rs 905
Dinesh Rohira, Founder & CEO, 5nance.com
Buy Mahindra Lifespace Developers with stop loss Rs 495 and target Rs 545
Sell Rain Industries with stop loss Rs 290 and target Rs 256
Buy Welspun India with stop loss Rs 57 and target: Rs 74
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com 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.
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