"One can look to go long around Rs 805 for a target of Rs 900 by following a strict stop loss placed below Rs 765," says Sameet Chavan of Angel Broking.
Prakash Gaba of prakashgaba.com recommends buying Axis Bank with target at Rs 560 and stop loss at Rs 540, a buy in MCX India with target at Rs 810 and stop loss at Rs 780 and a buy also in Tata Motors DVR with target at Rs 205 and stop loss at Rs 191.
“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Nifty and can buy HCL Tech.
The market breadth was in favour of the declines on Friday morning with 222 stocks advancing while 1383 stocks declined and 409 stocks remained unchanged. On the BSE, 348 stocks advanced while 1766 stocks declined and 64 remained unchanged.
Ashwani Gujral of ashwanigujral.com suggests buying Future Consumer, Future Lifestyle and MCX India.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial Inclusion, Eicher Motors and Apollo Hospitals and advises selling Fortis Healthcare and MCX India.
Mitessh Thakkar of miteshthacker.com recommends selling Fortis Healthcare and MCX India.
Mitessh Thakkar of miteshthacker.com recommends buying Tata Motors and MCX India.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy L&T and Raymond and can sell Apollo Hospitals.
According to Ashwani Gujral of ashwanigujral.com, one can buy MCX India, Indiabulls Housing Finance and Chambal Fertilisers and Chemicals.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy India Cements, Castrol India, IDFC Bank and Sintex Industries and sell MCX India.
Ashwani Gujral of ashwanigujral.com recommends buying MCX India; buy TVS Motor and Natco Pharma.
Prakash Gaba of prakashgaba.com is of the view that Bharti Infratel can climb to Rs 365 while MCX India may hit Rs 1200.
Vijay Chopra of enochventures.com advises buying Reliance Capital with a target of Rs 625.
Prakash Gaba of prakashgaba.com is of the view that NIFTY has support at 8950 and resistance at 9070 while BANK NIFTY has support at 20700 and resistance at 20900.
Shares of commodity exchange MCX today ended over 3 percent lower after it reported a 45 percent fall in standalone net profit during the fourth quarter of 2015-16 fiscal.
MCX India, Maruti Suzuki, United Spirits, Cairn India, Financial Technologies, Infosys, Tata Motors, IndusInd Bank and Tata Steel are most active shares on exchanges.
Multi Commodity Exchange of India has reported a sales standalone turnover of Rs 61.41 crore and a net profit of Rs 21.84 crore for the quarter ended Dec '13