Mitessh Thakkar of mitesshthakkar.com suggests buying India Cements with a stop loss of Rs 95 and target of Rs 103, Lupin with a stop loss of Rs 882 and target of Rs 945 and DCB Bank with a stop loss of Rs 157.5 and target of Rs 169.
The market started off last month of the calendar year on a flat note Monday as traders maintain caution ahead of key domestic events like RBI monetary policy and state elections results.
The Nifty50 continued to consolidate for the second consecutive session after a 400-point rally, forming small bearish candle which resembles a Hanging Man king of pattern on the daily charts.
The Nifty continued to face resistance around 10,900 levels but failed to hold the same. Once it closes above the same levels, then 11,000 could be the next hurdle, experts said.
The index opened sharply higher at 10,930.70 and hit an intraday high of 10,941.20 in morning itself, but gradually erased gains in afternoon to hit day's low 10,845.35 followed by rangebound trade. It closed 7 points higher at 10,883.80.
India VIX fell by 5.5 percent to 18.11 levels. On the options front, maximum Call open interest was seen at the 11,000 strike, followed by 10,900 and 11,100 strikes while maximum Put open interest was seen at the 10,500 strike followed by 11,000 and 10,700 strikes.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Capital First with a stop loss of Rs 517, target of Rs 540
Buy Hindustan Unilever with a stop loss of Rs 1800, target of Rs 1865
Buy India Cements with a stop loss of Rs 94, target of Rs 102
Buy L&T Finance Holdings with a stop loss of Rs 140, target of Rs 152
Buy Titan Company with a stop loss of Rs 930, target of Rs 956
Sudarshan Sukhani of s2analytics.com
Buy TCS with stop loss at Rs 1960 and target of Rs 2025
Buy UltraTech Cement with stop loss at Rs 4020 and target of Rs 4130
Buy Dabur India with stop loss at Rs 408 and target of Rs 422
Sell JSW Steel with stop loss at Rs 320 and target of Rs 310
Sell HPCL with stop loss at Rs 230 and target of Rs 210
Mitessh Thakkar of mitesshthakkar.com
Buy India Cements with a stop loss of Rs 95 and target of Rs 103
Buy Lupin with a stop loss of Rs 882 and target of Rs 945
Buy DCB Bank with a stop loss of Rs 157.5 and target of Rs 169
Sell Glenmark Pharma around Rs 626 with stop loss of Rs 638 for target of Rs 601Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 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.