Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
Positional traders are advised to buy into this counter for a target of Rs 970 and a stop loss below Rs 900.
Investors are advised to remain cautious and watch out for two levels: 10,770 on the upside and 10,550 on the down.
Rajesh Agarwal of AUM Capital recommends buying India Cements with stop loss at Rs 136 and target at Rs 146, a buy in BEML with stop loss at Rs 1040 and target at Rs 1095 and a buy also in CESC with stop loss at Rs 1045 and target at Rs 1085.
"We are bullish on Reliance Industries and expect a target of Rs 1,100 by FY19 end. We believe the company is strongly placed after the aggressive capex done by it," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
"If the stocks manage to stay above Rs 1040 then the rally may extend to Rs 1090. Traders should place a stop loss below Rs 930 for all long positions," says Mustafa Nadeem, CEO at Epic Research.
"A decline in volatility has further aided the momentum for bulls which shows the range to be intact with upward bias since we have seen writing in strikes at 10,500 - 10,400 along with 10,700 - 10,800," says Mustafa Nadeem, CEO at Epic Research.
Here is a list of top 10 stocks from different experts which are likely to see the direct or indirect impact of the rise in crude oil prices.
"The stock is seeing a base formation in short-term with prices sustaining the lower trendline support drawn from troughs of November while higher volume suggests a base building to approach toward a breakout of a descending triangle with the target of Rs 945 in short term, says Mustafa Nadeem of Epic Research.
"We expect next upside resistance for Nifty to be around 10,350 and 10,380 which comes to be our immediate short-term targets. Bank Nifty is also showing some positive signs of reversal and as far as we are above 24,200 in that index, we expect prices to retrace higher," says Mustafa Nadeem, CEO at Epic Research.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Capital First and can buy Mindtree, Colgate Palmolive and Titan Company.
Mitessh Thakkar of miteshthacker.com advises selling Arvind with a target of Rs 372.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can slide to Rs 228 while Cipla may test Rs 552.
"Till Nifty holds 10,350 levels decisively, bounce back from lower levels cannot be ruled out and on higher end stiff hurdle seen around 10,490 mark," says Rajesh Agarwal of AUM Capital.
Chandan Taparia of Motilal Oswal Securities recommends buying Bharat Financial Inclusion, Kotak Mahindra Bank and Reliance Industries.
We expect a near-term bounce in the index; however, such bounce will not lead to a significant trend reversal and any up move towards 10400-10480 levels can be used to exit from trading long positions.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 810, target of Rs 840, Reliance Industries with a stop loss of Rs 900, target of Rs 925 and a buy also on Jubilant Foodworks with a stop loss of Rs 1990, target of Rs 2050.
Amit Gupta of ICICIdirect is of the view that one can short Reliance Industries and PVR.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Industries and Tata Steel and can buy Whirlpool.
Yogesh Mehta, Associate Vice President- PCG Advisory Equities at Motilal Oswal recommends buying Reliance Industries, Tech Mahindra and Bharti Airtel.
L&T, NTPC and KNR, among others, are being tracked by investors on Tuesday.
Ashwani Gujral of ashwanigujral.com advises buying RIL, Hindalco, Syndicate Bank, BOI and Aurobindo Pharma.
Going forward, we expect the market to consolidate and form a good base in the range of 10300–10600. However, we believe this consolidation will make markets healthier and offer an incremental buying opportunity.