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HomeNewsBusinessTop buy & sell ideas by Sudarshan Sukhani, Rahul Mohindar which are good near term bets

Top buy & sell ideas by Sudarshan Sukhani, Rahul Mohindar which are good near term bets

Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 512 and target at Rs 533 and Tata Chemicals with stop loss at Rs 760 and target at Rs 790.

May 04, 2018 / 15:03 IST
     
     
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    The Nifty50 closed tad below its crucial support placed at 10,680 which is also its 5-day exponential moving average (DEMA). The index opened at 10,720 and slipped to an intraday low of 10,647.45 to close 38 points lower at 10,679.

    Formation of a bearish candle after a Bearish Belt Hold does not augur well for the bulls but as long as Nifty trades above 10,600 levels, bulls have nothing to fear, suggest experts. Investors can keep a stop below this level (10,600) for all the long positions.

    According to Pivot charts, the key support level is placed at 10,644.6, followed by 10,609.5. If the index starts moving upwards, key resistance levels to watch out are 10,717.7 and 10,755.7.

    The Nifty Bank index closed at 25,605.25, up 0.14 percent. The important Pivot level, which will act as crucial support for the index, is placed at 25,498.4, followed by 25,391.6. On the upside, key resistance levels are placed at 25,682.7, followed by 25,760.2.

    Sudarshan Sukhani of s2analytics.com

    Buy RBL Bank with stop loss at Rs 512 and target at Rs 533

    Buy Tata Chemicals with stop loss at Rs 760 and target at Rs 790

    Sell Sun TV Network with stop loss at Rs 875 and target at Rs 830

    Sell NMDC with stop loss at Rs 124 and target at Rs 119

    Sell Hindustan Petroleum Corporation with stop loss at Rs 300 and target at Rs 285

    Rahul Mohindar of viratechindia.com

    Buy Yes Bank with stop loss at Rs 340 and target of Rs 375

    Buy Indraprastha Gas with stop loss at Rs 265 and target at Rs 284

    Buy Wockhardt with stop loss at Rs 780 and target of Rs 865

    Sell Canara Bank with stop loss at Rs 265 and target of Rs 232

    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: May 4, 2018 08:40 am

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