Sudarshan Sukhani of s2analytics.com recommends buying L&T Finance Holdings with stop loss at Rs 115 and target of Rs 124 and Tech Mahindra with stop loss at Rs 764 and target of Rs 795.
Sudarshan Sukhani of s2analytics.com recommends buying HCL Tech with stop loss at Rs 542 and target of Rs 585 and ICICI Prudential Life Insurance with stop loss at Rs 487 and target of Rs 515.
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Axis Bank with stop loss at Rs 735 and target of Rs 715.
The BSE Sensex already surpassed earlier record-high and made a fresh high of 40,392.22 last week, showing over 11 percent gains from September lows.
Going forward, 11,100 will act as immediate support for the Nifty, with 11,550 acting as next resistance, which is previous weeks high for the benchmark index
We need to be cautious while adding long positions at current levels. Put/Call ratio is at 1.48 and India VIX at 17% which indicates high risk in creating long positions on Indices, said Shrikant S. Chouhan, Senior Vice-President, Equity Technical Research at Kotak Securities.
Historically speaking, the midcap and smallcap indices have never given negative returns for two consecutive years, and they have had a dismal 2018.
The immediate hurdle for the index is 11,150, and if we close above this levels then we could further witness short covering which could take the index higher towards 11,200-11,250 levels.
Prakash Gaba of prakashgaba.com suggets buying Bajaj Auto Pharma with target at Rs 2810 and stop loss at Rs 2717.
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.
Sudarshan Sukhani of s2analytics.com advises buying Divis Labs with stop loss at Rs 1590 and target of Rs 1650 and Indraprastha Gas with stop loss at Rs 310 and target of Rs 325.
Clearly it’s a sell on rallies market, as both technical parameters and derivative data are pointing towards limited upside in prices moving forward.
A break above 11,800 levels could see further buying in Nifty while a break below 11,600 could see bears reclaiming their hold on D-Street
We do not expect a broad based rally (as witnessed in 2017) but select companies with improved financial performance, strong growth prospects, and sound management would outperform, Jayant Manglik said
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas with a stop loss of Rs 320, target of Rs 345, Hindustan Unilever with a stop loss of Rs 1730, target of Rs 1765 and Titan Company with a stop loss of Rs 1110, target of Rs 1140.
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
Failure to sustain above 11050 may induce a bigger correction in the market. Whereas on the higher end sustained trades above 11500 may negate the short term weakness and the Nifty may start moving up once again.
Elara Capital expects a revival in midcaps riding on price and valuation comfort based on historical trends, strong flows from FPIs and DIIs and strong earnings revival
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Indiabulls Housing with a target of Rs 765.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Nifty has crucial hurdle at 10,800 and its sustainability would pave way for further recovery to 10,950-11,000 zone else profit taking will resume
The strategy at present should be to invest in a phased manner only in companies that are not connected to any political party, have a robust business model, strong earnings and cashflow visibility
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1300, target of Rs 1345, SRF with a stop loss of Rs 2230, target of Rs 2300 and Sun TV with a stop loss of Rs 570, target of Rs 595.