Moneycontrol PRO
Upcoming Webinar:Prashant Shah explains ‘Irrelevance of Bull & Bear Markets for Success in Technical Analysis’. Register For Free!
you are here: HomeNewsBusiness

Top buy & sell ideas by Ashwani Gujral & Rajat Bose which are good bets in near term

Rajat Bose of rajatkbose.com recommends buying Sun Pharmaceutical Industries with s stop loss below Rs 522 for target at Rs 548, a buy in Cadila Healthcare with a stop loss below Rs 407 and target at Rs 427 and a sell in Dabur India with stop loss above Rs 372 for target at Rs 363.

May 02, 2018 / 10:14 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The Nifty rallied 6.2 percent in April after falling 8 percent in February and March which resulted in a strong bull candle on Monday's daily candlestick chart. Formation of a strong bullish candle suggests that momentum is strong and there is a higher possibility now for the index to hit levels closer to 10,900, experts suggest.

The index has been forming higher highs and higher lows on the daily chart for the last three trading sessions which indicates that the supports are gradually shifting higher.

However, owing to relentless strength displayed by the bulls in the last five weeks a pause or minor correction can’t be ruled out going forward. Experts advise traders to keep a stop below 10,600 for all long positions.

 The Nifty which opened at 10,705.75 on Monday slipped marginally to hit an intraday low of 10,704.60. It hit an intraday high of 10,759 before closing 47 points higher at 10,739.35.

Ashwani Gujral of ashwanigujral.com

Close

Buy Yes Bank with a stop loss of Rs 358 and target of Rs 372

Buy Escorts with a stop loss of Rs 980, target of Rs 1045

Buy Repco Home Finance with a stop loss of Rs 638, target of Rs 660

Buy Hindustan Unilever with a stop loss of Rs 1485, target of Rs 1540

Buy NCC with a stop loss of Rs 130, target of Rs 142

Rajat Bose of rajatkbose.com

Buy Sun Pharmaceutical Industries with s stop loss below Rs 522 for target at Rs 548

Buy Cadila Healthcare with a stop loss below Rs 407 and target at Rs 427

Sell Dabur India with stop loss above Rs 372 for target at Rs 363

Buy Siemens with a stop loss below Rs 1100 and target of Rs 1159

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

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark