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Buy or sell: Top stock trading ideas by market experts which are good short term bets

Rajesh Agarwal of AUM Capital recommends buying Delta Corp with stop loss at Rs 237 and target of Rs 257, Infosys with stop loss at Rs 1255 and target of Rs 1309 and UPL with stop loss at Rs 685 and target of Rs 719.

June 18, 2018 / 08:46 IST
     
     
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    The Nifty which started with a gap down on Friday recouped most of its intraday losses and closed above its crucial level of 10,800 for the fourth straight day in a row. It formed a Hammer like candle on the daily candlestick charts.

    The index formed a Hammer like pattern for the second consecutive day in a row which indicates that the decline was bought into. The index bounced near its 13-EMA to close above its 5-EMA placed 10,808.

    Investors are advised to remain cautious and await for a breakout or a breakdown before initiating fresh positions. A close above 10,930 would result in a breakout while a break below Friday’s low of 10,755 could bring back bears on D-Street.

    According to Pivot charts, its key support is placed at 10,770.73, followed by 10,723.77. If the index starts moving upward, key resistance levels to watch out are 10,849.33 and 10,880.97.

    The Nifty Bank index closed at 26,417.4. Important pivot level, which will act as a crucial support for the index, is placed at 26,312.74, followed by 26,208.07. Key resistance levels are placed at 26,554.24, followed by 26,691.07.

    Here are the top stock trading ideas which can give good returns in the near term:

    By Dinesh Rohira of 5nance.com

    Buy Nava Bharat Ventures with target at Rs 163 and stop loss at Rs 132

    Buy Hindustan National Glass & Industries with target at Rs 113 and stop loss at Rs 95

    Sell Gruh Finance with target at Rs 309 and stop loss at Rs 335

    Rajesh Agarwal of AUM Capital

    Buy Delta Corp with stop loss at Rs 237 and target of Rs 257

    Buy Infosys with stop loss at Rs 1255 and target of Rs 1309

    Buy UPL with stop loss at Rs 685 and target of Rs 719

    Buy Apollo Hospitals with stop loss at Rs 999 and target of Rs 1069

    Buy Bharat Financial Inclusion with stop loss at Rs 1178 and target of Rs 1203

    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.

    Moneycontrol News
    first published: Jun 18, 2018 08:06 am

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