Positional traders are advised to buy into this counter for a target of Rs 790 and a stop below Rs 710 on a closing basis.
If the index manages to breach 11000 levels and sustain above that than another round of short covering is expected that may drive Nifty towards 11,200 levels in the coming weeks.
Mitessh Thakkar of mitesshthakkar.com recommends buying Escorts with a stop loss of Rs 706 and target of Rs 745, HDFC with a stop loss of Rs 1982 and target of Rs 2060 and HDFC Bank with a stop loss of Rs 2132 and target of Rs 2185.
Mitessh Thakkar of miteshthacker.com recommends buying Cummins India with a stop loss below Rs 839 for target of Rs 900, Glenmark Pharma with a stop loss of Rs 685 and target of Rs 720 and M&M with a stop loss of Rs 792 and target of Rs 830.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens with a stop loss of Rs 1020, target of Rs 1075, Can Fin Homes with a stop loss of Rs 284, target of Rs 298 and Bajaj Finserv with a stop loss of Rs 6400, target of Rs 6550.
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
Sudarshan Sukhani of s2analytics.com suggests buying Dabur India with stop loss at Rs 395 and target of Rs 419, Aurobindo Pharma with stop loss at Rs 779 and target of Rs 822 and MRF with stop loss at Rs 67000 and target of Rs 69500.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries around Rs 1145 with stop loss of Rs 1130 for target of Rs 1180 and Apollo Hospitals around Rs 1215 with stop loss of Rs 1199 and target of Rs 1255.
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
Rajesh Agarwal of AUM Capital advises buying M&M with a target of Rs 810.
Being an election year, Ajay Jaiswal of Stewart & Mackertich Wealth Management believes a sharp upside cannot be ruled out in case the ruling Government once again manages to retain thumping mandate.
Sudarshan Sukhani of s2analytics.com suggests buying KPIT Technologies with stop loss at Rs 216 and target of Rs 228, Siemens with stop loss at Rs 910 and target of Rs 970 and Colgate Palmolive with stop loss at Rs 1100 and target of Rs 1150.
Macquarie has recently upgraded its Nifty50 target to 12,000 for March 2019. It expects largecaps to perform better than midcaps as the latter is still vulnerable from valuations and flows
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
Rajesh Agarwal of AUM Capital suggests buying Century Plyboards with a stoploss of Rs 198 and target of Rs 217.
Use the dips in the market to accumulate or buy into quality stocks.
Rajesh Agarwal of AUM Capital recommends buying Hexaware Technologies with stop loss at Rs 449 and target of Rs 464, Axis Bank with stop loss at Rs 644 and target of Rs 660 and Graphite India with stop loss at Rs 988 and target of Rs 1025.
On the lower side, 11484 followed by 11436 would now be seen as immediate and crucial supports. At this juncture, a strategy would be to focus on individual pockets that are providing better trading opportunities, says Sameet Chavan of Angel Broking.
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Mitessh Thakkar of miteshthacker.com suggests buying V-Guard Industries above Rs 218.5 with stop loss of Rs 212 and target of Rs 232, Bharat Forge above Rs 657 with stop loss of Rs 645 and target of Rs 680 and HDFC Bank with a stop loss of Rs 2080 and target of Rs 2120.
Sudarshan Sukhani of s2analytics.com suggests buying Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000, Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980 and Berger Paints with stop loss at Rs 332 and target of Rs 344.
Strong earnings have helped D-Street to skyrocket to fresh record highs in the last two months and stocks which rose in anticipation of good earnings in the small & midcap space delivered over 100 percent net profit growth.
We believe the company will post better volume growth aided by higher realisation. We are recommending a buy for short to long term, says Sumit Bilgaiyan of Equity99.
Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.
Sudarshan Sukhani of s2analytics.com recommends buying Torrent Pharma with a stop loss at Rs 1675 and target of Rs 1735 and NIIT Tech with a stop loss at Rs 1125 and target of Rs 1325.