Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Financial, Ashok Leyland and Ambuja Cements and advises holding Vedanta.
Manoj Murlidharan of Religare Securities suggests buying Repco Home Finance, Colgate Palmolive, Ambuja Cements and SRF.
Ashwani Gujral of ashwanigujral.com advises buying Engineers India, Maruti Suzuki India and Rashtriya Chemicals and Fertilisers.
Prakash Gaba of prakashgaba.com suggests selling Ambuja Cements and HPCL.
Even the sectoral heavyweight banking index has seen a healthy breather. All in all, sectoral standing also corroborates the overall robust price structure.
Sudarshan Sukhani of s2analytics.com suggests buying Interglobe Aviation, Ambuja Cements and Power Grid Corporation of India and advises selling Union Bank of India and Fortis Healthcare.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9780-9750 and the resistance is at 9911-9965. Bank Nifty on the other hand has support at 23750 and resistance at 24250. He has 3 buy calls including Ambuja Cements, Bharti Airtel and Kajaria Ceramics and a sole sell call on Fortis Healthcare.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9750 and the resistance is at 9977-9988. On the other hand Bank Nifty has support at 24000 and resistance at 24750.
Going forward, the three-digit gann number of 977(0) would be an immediate support point, which is why sustenance above 9,770 could provide a relief rally en route 9,900-9,930 levels.
Manoj Murlidharan of Religare Securities suggests buying Ambuja Cements, Zee Entertainment, CG Power and Mahanagar Gas.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Ambuja Cements and sell Castrol India.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.
Motilal Oswal recommended buy rating on Ambuja Cements with a target price of Rs 308 in its research report dated July 24, 2017.
KRChoksey' is bullish on Ambuja Cements has recommended accumulate rating on the stock with a target price of Rs 282 in its research report dated July 25, 2017.
In an interview to CNBC-TV18, Rashesh Shah, Research Analyst at ICICI Securities shared his views on the Q1 numbers of Ambuja Cements.
On the operating level, the operating income came in at Rs 3,260 crore against R 2,900.1 crore posted in the June quarter of 2016.
According to Manoj Murlidharan of Religare Securities, one can buy Power Grid, Ambuja Cements and Hexaware Technologies.
In Tata Power and Ambuja Cement, short additions were near 60 percent and 80 percent. However, the recent short covering has seen closure of some shorts.
However, if Nifty breaks past from its higher resistance level placed at 9,700, any breakout will give an upward momentum which could take the index towards 9,850-9,900 in the medium period.
A fall below 9,460 would result in a downside shift in the orbit. So, traders shouldn't get carried away with short-term rallies.
Ambareesh Baliga, Independent Market Expert is of the view that UltraTech Cement, Asian Paints, Whirlpool and GMR Infra are good bets.
Sandeep Wagle of powermywealth.com suggests buying Reliance Infra and Ambuja Cements.
Mitessh Thakkar of mitesshthakkar.com feels that Ambuja Cements may test Rs 280-285.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Bharti Infratel.