Benchmark indices ended in the green for the third day in a row on April 29 with Sensex closing the session with a gain of 606 points and Nifty settling 172 points higher at 9,553.35.
According to pivot charts, the key support level for Nifty is placed at 9,430.52, followed by 9,307.68. If the index continues moving up, key resistance levels to watch out for are 9,638.02 and 9,722.68.
The Nifty Bank closed 2.03 percent up at 21,090.20. The important pivot level, which will act as crucial support for the index, is placed at 20,539.87, followed by 19,989.53. On the upside, key resistance levels are placed at 21,494.37 and 21,898.53.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Hindalco Industries with a stop loss of Rs 112, target at Rs 124
Buy Adani Ports with a stop loss of Rs 280, target at Rs 302
Buy GAIL India with a stop loss of Rs 86, target at Rs 98
Sell Asian Paints a stop loss of Rs 1,780, target at Rs 1,740
Sell Hindustan Unilever with a stop loss of Rs 2,250, target at Rs 2,180
Sudarshan Sukhani of s2analytics.com
Buy Infosys with a stop loss of Rs 660, target of Rs 695
Buy Bharat Forge with a stop loss of Rs 270, target of Rs 300
Buy Aurobindo Pharma with a stop loss of Rs 610, target of Rs 640
Buy ITC with a stop loss of Rs 177, target of Rs 190
Mitessh Thakkar of mitesshthakkar.com
Buy Bajaj Finance with a stop loss of Rs 2,240, target at Rs 2,420
Buy Balkrishna Industries with a stop loss of Rs 945, target at Rs 990
Buy GAIL India with a stop loss of Rs 87, target at Rs 94
Buy ICICI Prudential with a stop loss of Rs 177, target at Rs 190
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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