Top buy and sell ideas by Ashwani Gujral, Mitessh Thakkar, Prakash Gaba for short term

Ashwani Gujral of ashwanigujral.com recommends buying HDFC with a stop loss of Rs 2240, target of Rs 2300 and Dr. Reddy's Labs with a stop loss of Rs 2600, target of Rs 2700.

The bulls turned up on D-Street as benchmark indices logged in gains, largely in line with global markets, which rallied after US Federal Reserve Chair Jerome Powell raised hopes of a rate cut.


The broader markets also traded in line with frontliners as the Nifty Midcap index gained 0.7 percent, but breadth was not so strong. About 930 shares advanced against 839 declining shares on the BSE.

According to Pivot charts, the key support level is placed at 11,535.27, followed by 11,487.63. If the index starts moving upward, the key resistance levels to watch out are 11,614.77 and 11,646.63.

Nifty Bank closed at 30,716.55, up 194.45 points on July 11. The important Pivot level, which will act as crucial support for the index, is placed at 30,591.9, followed by 30,467.2. On the upside, key resistance levels are placed at 30,814.7, followed by 30,912.8.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy Power Grid with a stop loss of Rs 204, a target of Rs 216

Buy HDFC with a stop loss of Rs 2240, target of Rs 2300

Buy Dr. Reddy's Labs with a stop loss of Rs 2600, target of Rs 2700

Buy Bharat Forge with a stop loss of Rs 458, the target of Rs 480

Buy Punjab National Bank with a stop loss of Rs 72, the target of Rs 80
Mites Thakkar of mitesshthakkar.com
Sell M&M Financial Services around Rs 382 with a stop loss of Rs 389 for a target of Rs 368

Buy Torrent Power  with a stop loss of Rs 299.9 for the target of Rs 315

Buy Nestle India  with a stop loss of Rs 11440 for the target of Rs 11750


Prakash Gaba of prakashgaba.com

Buy Bharat Forge with the target at Rs 480 and stop loss at Rs 452

Buy Dr. Reddy's Labs with the target at Rs 2720 and stop loss at Rs 2610

Sell SRF with the target at Rs 2700 and stop loss at Rs 2800

Sell UPL with the target at Rs 610 and stop loss at Rs 640

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​
First Published on Jul 12, 2019, 08:33 am

A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

Comments

Post a Comment

Popular posts from this blog

Technical Classroom: How to use Fibonacci Retracement Levels in stock trading

Image
Fibonacci retracement is a method of technical analysis for determining support and resistance levels A Fibonacci retracement is a popular tool among technical traders and is based on some key numbers. The origins of the Fibonacci series can be traced back to the ancient Indian mathematic scripts, with some claims dating back to 200 BC. However – in the 12th century - Leonardo Pisano Bigollo, an Italian mathematician who was known to his friends as Fibonacci, discovered Fibonacci numbers. It is a popular tool that technical traders use to help identify price levels for transactions, stop losses or target prices. These retracement levels also provide support and resistance levels for a stock. However, it really becomes most effective when confirming signals or conditions identified by additional technical analysis tools. Fibonacci Retracement is a method of technical analysis for determining support and resistance levels. It is named after the use of the Fibonacci sequ...
Read more

Veto Switchgears jumps 5% on realisation of unsecured loan

Image
Veto Switchgears had given unsecured loan to its wholly owned overseas subsidiary Veto Overseas Private F.Z.E. Veto Switchgears and Cables shares rallied 4.8 percent intraday on June 14 after realization of unsecured loan from a subsidiary. "We realized an amount of $1 million against an unsecured loan on June 13," the wires & cables and electrical accessories manufacturer said in its filing. Veto Switchgears had given unsecured loan to its wholly owned overseas subsidiary Veto Overseas Private F.Z.E. The stock climbed 10 percent in the last 15 sessions. At 13:13 hours IST, it was quoting at Rs 66.75, up to Rs 1.10, or 1.68 percent on the BSE. G et a 2 days free trial in Stock Market Tips and MCX Tips  
Read more

Trade Setup for Wednesday: Top 15 things to know before Opening Bell

Image
Rohit Singre of LKP Securities said index formed bullish candle on daily chart suggesting some more upside before expiry. The market rebounded sharply on June 25 after a correction in the previous two consecutive sessions. Overall though it has remained in a 200-point range on the Nifty for the last several sessions. The buying was across sectors with Nifty Metal rising most with 1.7 percent gain followed by PSU Bank (up 1 percent). The BSE Sensex gained 311.98 points to close at 39,434.94 while the Nifty 50 climbed 96.80 points to 11,796.50 and formed bullish candle resembling a Bullish Engulfing kind of pattern on daily charts. "Index has managed to sustain above previous day's high forming Bullish Engulfing candlestick pattern indicating a positive bias to continue towards 11,980-12,070 levels, unless it trades below 11,720 levels," Shabbir Kayyumi, Head of Technical Research, Narnolia Financial Advisors told Moneycontrol. He said any decisive...
Read more