Sudarshan Sukhani of s2analytics.com is of the view that one may sell Axis Bank with stop loss at Rs 735 and target of Rs 715.
Profit-taking hit D-Street on November 8 after Moody’s Investors Services changed the outlook on India to negative from a stable, which pulled down the returns for both the Sensex and Nifty for the week ended November 8.
The Sensex which hit a record high of 40,749 on November 8 closed the week with gains of just 0.4 percent. The Nifty had a touch-and-go moment with 12,000 but managed to hold above 11,900 to close the week with gains of 0.15 percent for the week ended November 8.
The broader market continued to remain under pressure as the S&P BSE Mid-cap index fell 1.07 percent while the S&P BSE Small-cap index was down 0.93 percent in the same period.
Ashwani Gujral of ashwanigujral.com
Buy Kotak Mahindra Bank with stop loss at Rs 1585 and target of Rs 1640
Buy ICICI Bank with stop loss at Rs 480 and target of Rs 505
Sell Bharti Infratel with stop loss at Rs 224 and target of Rs 210
Sell Sun Pharma with stop loss at Rs 427 and target of Rs 410
Sell UPL with stop loss at Rs 562 and target of Rs 540
Prakash Gaba of prakashgaba.com
Buy Kotak Mahindra Bank with stop loss at Rs 1580 and target of Rs 1630
Buy HDFC Asset Management with stop loss at Rs 3100 and target of Rs 3300
Sell BPCL with stop loss at Rs 510 and target of Rs 485
Sell Castrol with stop loss at Rs 150 and target of Rs 140
Sudarshan Sukhani of s2analytics.com
Sell Axis Bank with stop loss at Rs 735 and target of Rs 715
Sell Canara Bank with stop loss at Rs 206 and target of Rs 194
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