Buy or sell: Stock trading ideas by Ashwani Gujral, Mitessh Thakkar & Prakash Gaba for March 23

Mitessh Thakkar of miteshthacker.com recommends selling Arvind with a stop loss of Rs 391 and target of Rs 363, a sell on Bharat Electronics with a stop loss of Rs 147 and target of Rs 134 and a sell also on Federal Bank below Rs 89.5 with stop loss of Rs 91.5 for target of Rs 84.

The Nifty50 witnessed profit booking decline soon after it reclaimed 10200. The index has crucial support around 200-DEMA but one thing is clear that the current market structure closely resembles sell on rallies kind of markets.

The index witnessed selling pressure in three out of four days when the index rose above 10200 levels. Hence, for bulls to regain control, 10,200 is crucial for the bulls, suggest experts.

The Nifty index which opened at 10105 rose to an intraday high of 10207 before bears mauled the D-Street. The index slipped to an intraday low of 10105. The index closed 40 points lower at 10,114.

India VIX move up by 0.93 percent at 15.24. On the options front, maximum Put open interest is placed at 10000 followed by 10100 strikes while maximum Call open interest is at 10500 followed by 10400 and 10200 strikes.

According to Pivot charts, the key support level is placed at 10,077.53, followed by 10,040.27. If the index starts moving upwards, key resistance levels to watch out are 10,179.93 and 10,245.07.

The Nifty Bank index closed at 24,141.5 on Thursday. The important Pivot level, which will act as crucial support for the index, is placed at 24,052.74, followed by 23,963.97. On the upside, key resistance levels are placed at 24,272.34, followed by 24,403.17.

The Nifty futures on the Singaporean stock exchange were trading lower by around 118 points at 9950, a fall of around 1.17 percent. This indicates that the domestic market is likely to open on a negative note.

Moneycontrol.com has collated a list of trading ideas from top market experts which one can take cues for better returns:

Ashwani Gujral of ashwanigujral.com

Sell Adani Enterprises with a stop loss of Rs 164, target of Rs 152

Sell Power Finance Corporation with a stop loss of Rs 90, target of Rs 92

Sell Jet Airway with a stop loss of Rs 646, target of Rs 620

Sell Reliance Capital with a stop loss of Rs 416, target of Rs 398

Buy Hexaware Technologies with a stop loss of Rs 380, target of Rs 395

Mitessh Thakkar of miteshthacker.com

Sell Arvind with a stop loss of Rs 391 and target of Rs 363

Sell Bharat Electronics with a stop loss of Rs 147 and target of Rs 134

Sell Federal Bank below Rs 89.5 with stop loss of Rs 91.5 for target of Rs 84

Sell SREI Infra with a stop loss of Rs 78.5 and target of Rs 71

Sell Reliance Capital below Rs 409 with stop loss of Rs 416 and target of Rs 390

Prakash Gaba of prakashgaba.com

Buy National Aluminium Company with target at Rs 74 and stop loss at Rs 66

Sell Can Fin Homes with target at Rs 500 and stop loss at Rs 525

Sell Divi's Labs with target at Rs 1040 and stop loss at Rs 1100

Sell Jet Airways with target at Rs 617 and stop loss at Rs 666

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