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Mitessh Thakkar of mitesshthakkar.com recommends buying Britannia Industries with stop loss of Rs 3204 and target of Rs 3350 and Divis Labs above Rs 1540 with stop loss of Rs 1524 and target of Rs 1575.
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Buy Yes Bank around Rs 220 with stop loss of Rs 205 target Rs 250.
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A breakout of descending trend line on lower time frame will occur only above 10,881, suggesting a tight range for the index—10720 to 10881
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The S&P BSE Smallcap Index plunged 3.48 percent, while S&P BSE Largecap and Midcap index fell 1.26 percent and 2.27 percent, respectively.
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Ashwani Gujral of ashwanigujral.com recommends buying YES Bank with a stop loss of Rs 208, target of Rs 224, Reliance Industries with a stop loss of Rs 1235, target of Rs 1285 and Rural Electrification Corporation with a stop loss of Rs 118, target of Rs 130.
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Irrespective of global or political set up on the domestic front, long-term investors should focus on stocks which can give earnings visibility, and have a high margin of safety with high corporate governance standards.
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Equirus Securities said uncertainty regarding elections in 2019 might keep markets volatile.
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HDFC Bank remains UBS' preferred pick and it sees 26 percent CAGR earnings over FY18-21.
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Prashanth Tapse of Mehta Equities said the 50% fall in the stock from the recent high of Rs 398 levels means the problem is genuine and highly mismanaged
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Foram Parekh of Indiabulls Ventures feels that earnings recovery will continue in H2FY19 but at a slower pace
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Volatility index (India VIX) was up 3.2 percent this week. The BSE largecap index rose 0.69 percent, midcap gained 0.36 percent, while smallcap was down 1.27 percent
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Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 197 and target of Rs 212 and Tamil Nadu Newsprint with stop loss at Rs 265 and target of Rs 290.
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Manali Bhatia of Rudra Shares and Stock Brokers said high volatility and sharp moves are expected this week as in the past years also, last week of October witnessed major falls and turn around, including in the year 2008.
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Morgan Stanley turns underweight on Yes Bank and RBL Bank, and Equal Weight on AU Small Finance Bank.
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The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.
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Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
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Mitessh Thakkar of mitesshthakkar.com suggests selling Century Textiles & Industries with a stop loss of Rs 846 and target of Rs 815 and CESC with a stop loss of Rs 883 and target of Rs 830.
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For Yes Bank, the next crucial support exists at Rs 160 and it may take a breather around that level, Jayant Manglik of Religare Broking said
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Citigroup highlights top 10 stock ideas which could give decent risk-to-reward to investors
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JPMorgan maintains an overweight rating on Yes Bank with a target price of Rs 400. The outcome was widely anticipated. There is lack of visibility on the succession plan.
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For the week, Nifty 50 index ended down 372.1 points at 11,143.1 (3.23 percent), while Sensex shed 1,249.04 points closed at 36,841.6 points (3.27 percent).
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Principal of polarity can provide strong support in coming sessions. Aforementioned rationale suggests buying in the scrip around Rs 320 for the target of Rs 370 with the stop loss of Rs 305 mark, says Shabbir Kayyumi of Narnolia Financial Advisors.
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Shabbir Kayyumi of Narnolia Financial Advisors suggests taking stock-specific long position with strict stop loss levels
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Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge above Rs 695, stop loss of Rs 682 and target of Rs 720 and Bharti Airtel with a stop loss of Rs 384 and target of Rs 400 and can sell Just Dial with a stop loss of Rs 547.5 and target of Rs 515.
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Traders can accumulate the stock in the range of Rs 340-345 for the target of Rs 388 and a stop loss below Rs 324, says Rupak De of Bonanza Portfolio.
