Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries with a stop loss of Rs 1,400, target at Rs 1,465 and Bajaj Finance with a stop loss of Rs 2,200, target at Rs 2,340.

April 29, 2020 / 09:04 AM IST

The Sensex closed the day with a gain of 1.17 percent at 32,114.52 and the Nifty settled 1.06 percent higher at 9,380.90.

The Nifty failed to hold on to the 9,400 level but closed near its strong opening levels and formed a Dragonfly Doji pattern on the daily charts.

According to pivot charts, the key support level for Nifty is placed at 9,292.47, followed by 9,204.03. If the index continues moving up, key resistance levels to watch out for are 9,436.87 and 9,492.83.

The Nifty Bank closed 2.94 percent up at 20,671.10. The important pivot level, which will act as crucial support for the index, is placed at 20,370.84, followed by 20,070.57. On the upside, key resistance levels are placed at 20,861.34 and 21,051.57.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Close

Ashwani Gujral of ashwanigujral.com

Buy Reliance Industries with a stop loss of Rs 1,400, target at Rs 1,465

Buy Bajaj Finance with a stop loss of Rs 2,200, target at Rs 2,340

Buy ICICI Bank with a stop loss of Rs 350, target at Rs 375

Sell Sun Pharma a stop loss of Rs 485, target at Rs 450

Sell Colgate Palmolive with a stop loss of Rs 1,525, target at Rs 1,460

Sudarshan Sukhani of s2analytics.com

Buy TCS with a stop loss of Rs 1,830, target at Rs 1,910

Buy ICICI Bank with a stop loss of Rs 350, target at Rs 370

Buy Adani Ports with a stop loss of Rs 268, target at Rs 280

Sell Coal India with a stop loss of Rs 140, target at Rs 130

Mitessh Thakkar of mitesshthakkar.com

Buy RCF with a stop loss of Rs 37.5, target of Rs 44

Buy Essel Propack with a stop loss of Rs 173, target of Rs 188

Buy Bajaj Finserv with a stop loss of Rs 4,700, target of Rs 5,200

Buy DLF with a stop loss of Rs 135, target of Rs 145

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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: Apr 29, 2020 09:04 am

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