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

Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda with a stop loss of Rs 101 and target of Rs 93.

The Nifty after sharp gap down opening continued to trade lower throughout the session on Thursday, the last day of October series. Global cues and correction in index heavyweights Reliance Industries and HDFC twins weighed down the market.

The index hit fresh seven-month low during the day but managed to show some recovery in later part of the session to close above 10,100 levels. It made small bodied bearish candle on the daily charts, which resembles a ‘Doji’ kind of pattern.

Experts feel the market behaviour indicated that it may be bottoming out for the time being. Hence, the pull back rally could be possible in coming sessions, which could be short lived, they said.

According to Pivot charts, the key support level is placed at 10,080.6, followed by 10,036.3. If the index starts moving upwards, key resistance levels to watch out are 10,167.9 and then 10,210.9.

The Nifty Bank index closed at 24,817.4. The important Pivot level, which will act as crucial support for the index, is placed at 24,683.7, followed by 24,550.0.

On the upside, key resistance levels are placed at 24,964.2, followed by 25,111.0.

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

Buy Adani Enterprises with a stop loss of Rs 168, target of Rs 180

Buy United Spirits with a stop loss of Rs 530, target of Rs 555

Buy Berger Paints with a stop loss of Rs 285, target of Rs 310

Sell Indiabulls Housing Finance with a stop loss of Rs 695, target of Rs 675

Sell State Bank of India with a stop loss of Rs 255, target of Rs 240

Mitessh Thakkar of mitesshthakkar.com

Sell Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696

Sell Bank of Baroda with a stop loss of Rs 101 and target of Rs 93

Buy Oriental Bank of Commerce above Rs 67.5 with stop loss of Rs 65.5 for target of Rs 72

Buy Coal India with a stop loss of Rs 277 and target of Rs 293

Prakash Gaba of prakashgaba.com

Buy Bajaj Finserv with target at Rs 5650 and stop loss at Rs 5290

Buy Coal India with target at Rs 290 and stop loss at Rs 270

Sell Jubilant Foodworks with target at Rs 1000 and stop loss at Rs 1125

Sell Sun TV Network with target at Rs 590 and stop loss at Rs 630

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact Us: 08517810864

Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.

Global concerns and rupee volatility dragged the market near seven-month low on October 23. After a sharp gap down opening the Nifty 50 traded lower throughout the session and closed near its starting point of the day.

The index made a small bullish candle and formed 'Long Legged Doji' pattern on the daily candlestick charts.

The Nifty50 after the gap down opening traded range bound and extended losses in the second half of the session to hit an intraday low of 10,102.35. The index managed to recover some losses in late trade but still closed 98.50 points lower at 10,146.80.

India VIX fell sharply by 10.87 percent at 19.03. During the session volatility index made a high of 22.35 and witnessed a cool off even after the overall weakness in the Nifty index which suggests an early sign of consolidation in the market. However, VIX has to go down below 17-16 zones to rescue the bulls after the sharp cut of last two months.

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

Buy Chennai Petro with a stop loss of Rs 260, target of Rs 274

Buy Kotak Mahindra Bank with a stop loss of Rs 1160, target of Rs 1200

Buy Jet Airways with a stop loss of Rs 208, target of Rs 230

Buy TVS Motor with a stop loss of Rs 530, target of Rs 545

Buy HPCL with a stop loss of Rs 212, target of Rs 228

Sudarshan Sukhani of s2analytics.com

Buy Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135

Buy Glenmark Pharma with stop loss at Rs 606 and target of Rs 636

Buy Havells India with stop loss at Rs 585 and target of Rs 630

Sell Bharti Infratel with stop loss at Rs 270 and target of Rs 255

Sell Raymond with stop loss at Rs 635 and target of Rs 600

Mitessh Thakkar of mitesshthakkar.com

Buy Bharat Electronics with a stop loss of Rs 85 and target of Rs 92

Buy Jet Airways with a stop loss below Rs 209 and target of Rs 221

Sell Divis Lab below Rs 1239 with stop loss of Rs 1254 and target of Rs 1205

Buy Power Finance Corporation with a stop loss of Rs 80.2 and target of Rs 85

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact US: 08517810864

Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Ashwani Gujral of ashwanigujral.com suggests buying Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160 and Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155.

The market started off the week on a negative note with the Nifty 50 losing all its opening gains in the morning trade and closing sharply lower amid volatility despite strong global cues on October 22.

Monday's intraday price action is clearly favouring the bears as two attempts by the bulls, during the course of the day, succumbed to the pressures of bears who succeeded in pushing the indices to much lower levels, experts said.

The index closed below the psychological 10,300 levels and formed large bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts.

The Nifty 50 saw a strong gap opening at 10,405.85, but erased all gains in the morning and turned volatile. The index then slipped into the red in last hour of trade to hit an intraday low of 10,224. It closed below the immediate support levels, down 58.20 points lower at 10,245.30.

India VIX moved up by 7.87 percent to 21.34. The spurt in volatility suggests upside could be restricted. Recent high of VIX is at 21.76 and above that it could even head towards 24 levels.

According to Pivot charts, the key support level is placed at 10,176.63, followed by 10,108.07. If the index starts moving upwards, key resistance levels to watch out are 10,361.13 and then 10,477.07.

The Nifty Bank index closed at 25,078.60, down 7.20 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 24,898.34, followed by 24,718.07. On the upside, key resistance levels are placed at 25,381.84, followed by 25,685.07.

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

Buy Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160

Buy Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155

Sell BPCL with a stop loss of Rs 275, target of Rs 260

Sell Indian Bank with a stop loss of Rs 223, target of Rs 208

Sell Vodafone Idea with a stop loss of Rs 37, target of Rs 30

Sudarshan Sukhani of s2analytics.com

Buy Apollo Hospitals with stop loss at Rs 1120 and target of Rs 1180

Buy HDFC Bank with stop loss at Rs 1980 and target of Rs 2040

Sell Bharat Forge with stop loss at Rs 565 and target of Rs 535

Sell Dalmia Bharat with stop loss at Rs 2050 and target of Rs 1850

Sell Ujjivan Financial with stop loss at Rs 230 and target of Rs 214

Mitessh Thakkar of mitesshthakkar.com

Sell Bajaj Finance with a stop loss of Rs 5306 and target of Rs 5100

Sell Karnataka Bank below Rs  95.5 with stop loss of Rs 97.25 for target of Rs 91

Sell Canara Bank with a stop loss of Rs 216.5 and target of Rs 200

Buy Apollo Hospitals above Rs 1140 with stop loss of Rs 1124 for target of Rs 1170

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact Us: 08517810864

Buy or sell: Top stock trading ideas by market experts which are good short term bets

Benchmarks began the week on a good note as investors shrugged off any negativity from global markets and a rising crude. In fact, they also looked past the rise in inflation in consumer price as well.

The Sensex ended the day over 130 points higher, while the Nifty reclaimed 10,500 and closed above it.

Information technology and pharmaceuticals were the major gainers of the day, while sector such as automobiles and metals lost some sheen.

HDFC Bank provided major support to the Bank Nifty, while ICICI Bank was a drag on the index.

Nandish Shah of HDFC Securities

Buy KNR Construction with a stoploss of Rs 178 and target of Rs 205

Buy Nucleus Software with a stoploss of Rs 360 and target of Rs 420

Buy PNB Housing with a stoploss of Rs 880 and target of Rs 1,010

Rajesh Agarwal of AUM Capital

Buy Aptech with a stoploss of Rs 153 and target of Rs 170

Buy Avanti Feeds with a stoploss of Rs 413 and target of Rs 445

Buy Lupin with a stoploss of Rs 868 and target of Rs 898

Buy PNB Housing with a stoploss of Rs 913 and target of Rs 950

Buy Dhampur Sugar with a stoploss of Rs 160 and target of Rs 170

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHAN?ARI MARG , INDORE (MP) 452001
Contact Us:08517810864

Looking for quality portfolio picks? Here are 15 stocks that are a buy after recent fall

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.

The correction in last one-and-half month was so brutal that benchmark indices hit six-month low, falling more than 12 percent each and broader market saw cuts of 15-18 percent.

Sharp rupee depreciation, rising crude oil prices, trade war woes, higher US bond yields, IL&FS-led liquidity crisis fears in the NBFC space and a surprise rate pause by RBI dented investors sentiment.

After such a steep correction, the market has been volatile in October, which suggests that Q2 earnings season and state elections would be closely watched by investors for further direction, experts said.

But the recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart returns over a period of 12-18 months, experts added.

"Volatility is likely to prevail going forward with crucial state elections scheduled during November/December 2018 along with quarterly results even as valuations have come down to attractive levels for various stocks," Teena Virmani, Vice President – Research at Kotak Securities told Moneycontrol.

She said ideal approach is to use this volatility to add stocks that are likely to benefit from currency depreciation as well as healthy growth in respective domains (IT and pharma), consumption growth as well as various defensives that have corrected in recent months and are now available at attractive valuations.

Raghvendra Nath of Ladderup Wealth Management also said it is time to re-look at the stock portfolios for people who have direct equity exposures. "The panic has resulted in the highest quality stocks also falling as much as bad quality. This is an excellent opportunity, therefore, to shift from low quality stocks to high quality."

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact Us: 08517810864

Indian ADRs end on positive territory led by HDFC Bank, Infosys, Tata Motors, Wipro

In the IT space, Infosys was up 2.31 percent at USD 9.74 and Wipro jumped 2.02 at USD 5.05 while in the banking space, ICICI Bank was up 1.69 percent at USD 8.43 and HDFC Bank spiked 3.85 percent at USD 89.49.

Indian ADRs ended higher on Friday. In the IT space, Infosys was up 2.31 percent at USD 9.74 and Wipro jumped 2.02 at USD 5.05.

In the banking space, ICICI Bank was up 1.69 percent at USD 8.43 and HDFC Bank spiked 3.85 percent at USD 89.49.

In the other sectors, Tata Motors jumped 2.4 percent at USD 12.37 and Dr Reddy's Laboratories added 1.78 percent at USD 33.17.

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact Us: 08517810864

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

Mitessh Thakkar of mitesshthakkar.com suggests buying United Spirits around Rs 490 with stop loss of Rs 480 and target of Rs 513 and Radico Khaitan with a stop loss of Rs 320 and target of Rs 348.

The Nifty50 opened with big gap down at 10,169.80 followed by a bit of recovery from day's low of 10,138.60 in later part of the session. The index still closed 225.40 points lower at 10,234.70, the lowest closing level since April 4, 2018.

Experts expect the most selling pressure could be possible if the index breaks Thursday's low of 10,138 in coming sessions.

India VIX moved up sharply by 14.68 percent to 20.53 levels. Spurt in VIX from previous day's low suggests that bears are not loosening their grip and bounce are being sold in the market. Now VIX has to cool down below 17.50-17 zones to get any sign of consolidation, experts said.

According to Pivot charts, the key support level is placed at 10,136.87, followed by 10,039.03. If the index starts moving upwards, key resistance levels to watch out are 10,334.27 and 10,433.83.

ex, is placed at 24,538.37, followed by 24,292.83. On the upside, key resistance levels are placed at 24,984.77, followed by 25,185.63.

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

Buy Hindustan Unilever with a stop loss of Rs 1500, target of Rs 1620

Buy GAIL India with a stop loss of Rs 345, target of Rs 370

Buy Bharat Electronics with a stop loss of Rs 80, target of Rs 91

Buy Kotak Mahindra Bank with a stop loss of Rs 1100, target of Rs 1135

Buy Axis Bank with a stop loss of Rs 570, target of Rs 605

Mitessh Thakkar of mitesshthakkar.com

Buy United Spirits around Rs 490 with stop loss of Rs 480 and target of Rs 513

Sell Ramco Cements with a stop loss of Rs 592 and target of Rs 555

Sell Tata Steel with a stop loss of Rs 567 and target of Rs 532

Buy Radico Khaitan with a stop loss of Rs 320 and target of Rs 348

Buy Colgate Palmolive with target at Rs 1125 and stop loss at Rs 1085

Buy United Spirits with target at Rs 525 and stop loss at Rs 480

Sell Cipla with target at Rs 600 and stop loss at Rs 630

Sell NIIT Tech with target at Rs 1000 and stop loss at Rs 1100

Capital Ways Investment Adviser
101-202 SURYODAY BUILDING 
2/1 DR RS BHANḌARI MARG , INDORE (MP) 452001
info@capitalways.com
Contact Us: 08517810864

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

Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda...