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.
Tata Steel, Reliance Industries and steel sector are being tracked by investors on Tuesday.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell L&T, ICICI Bank, Bharti Airtel, Capital First and HPCL and can buy JSW Steel and Escorts.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Ceat and Bajaj Finance.
We expect base formation around the support area will make the market more healthier and pave the way for next leg of upmove.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Balkrishna Industries and Sonata Software.
Mitessh Thakkar of miteshthacker.com suggests buying Amara Raja Batteries and Cholamandalam Investment.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Steel, Rural Electrification Corporation and Ceat.
Ashwani Gujral of ashwanigujral.com suggests buying Bharat Forge, Balkrishna Industries and Sun TV Network.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Investors should utilise ongoing correction as an opportunity to accumulate quality stocks in a staggered manner. The sharp recovery during current week’s panic low of 10,300 indicates presence of buying support at lower levels.
SBI and Reliance Industries can keep the index under pressure for some time and that is why writing Call options may be a wise decision in this particular expiry," says Amit Gupta of ICICIdirect.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Tata Consultancy Services and can sell Jubilant Foodworks.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying RIL, IndusInd Bank, Tata Steel, Bajaj Auto and Bata India.
The brokerage house believes that more users and dominant share could offset the tariff cut impact, it said in its report.