The Indian stock market is expected to open lower as investors remain concerned that the nationwide lockdown may be extended as virus cases continue to rise.
Trends on SGX Nifty indicate a negative opening for the index in India with a 68 points loss.
The Nifty50 has witnessed selling pressure above 9,300 in nine of the last 10 trading sessions, which suggests that there is a crucial resistance which the index has to breach convincingly for markets to move higher.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.comBuy Kotak Mahindra Bank with a stop loss of Rs 1,210, target at Rs 1,140
Sell BPCL with a stop loss of Rs 320, target at Rs 305
Sell Dr Reddy's Labs with a stop loss of Rs 3,920, target at Rs 3,800
Buy Hero MotoCorp with a stop loss of Rs 2,060, target at Rs 2,140
Buy Tata Motors with a stop loss of Rs 82, target at Rs 94
Sudarshan Sukhani of s2analytics.comBuy Tata Consultancy Services with a stop loss of Rs 1,900, target at Rs 1,980
Buy Hero MotoCorp with a stop loss of Rs 2,040, target at Rs 2,150
Sell BPCL with a stop loss of Rs 317, target at Rs 309
Sell Just Dial with a stop loss of Rs 360, target at Rs 320
Mitessh Thakkar of mitesshthakkar.comBuy Indraprastha Gas with a stop loss of Rs 484, target at Rs 520
Buy Torrent Pharma with a stop loss of Rs 2,450, target at Rs 2,600
Sell HDFC with a stop loss of Rs 1,690, target at Rs 1,580
Sell HPCL with a stop loss of Rs 198, target at Rs 180
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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