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

Rajesh Agarwal of AUM Capital recommends buying Reliance Capital with stop loss at Rs 403 and target of Rs 435, a buy in Canara Bank with stop loss at Rs 263 and target of Rs 284 and a buy in Tata Steel with stop loss at Rs 590 and target of Rs 617.

The Nifty failed to close above the crucial resistance mark of 10,800, and 10,770 levels on closing basis as traders prefer to book profits at higher levels.

But in the last two days, it looks like bulls have tightened their grip on D-Street as Nifty is finding support at lower levels. The next target for Nifty is placed at 10,920 only if it manages to close above 10,820.

The index has a strong support near 10,600, 10,650 and 10,730 levels. If the index breaks 10,698 levels in the forthcoming sessions, there is a higher probability that bears could make a comeback.

The Nifty which opened at 10,722 rose to an intraday high of 10,818. The index failed to close near its intraday high and closed 83 points higher at 10,768.

India VIX moved up by 1.81 percent at 12.55 levels. Overall, lower volatility with higher Put Call Ratio suggests an overall bullish bias of the market.

According to Pivot charts, its key support is placed at 10,721.27, followed by 10,674.23. If the index starts moving upward, key resistance levels to watch out are 10,816.67 and 10,865.03.

The Nifty Bank index closed at 26,517.8. The important Pivot level, which will act as a crucial support for the index, is placed at 26,412.17, followed by 26,306.53. On the upside, key resistance levels are placed at 26,695.17, followed by 26,872.53.

Here are the top stock trading ideas which can give good returns in the near term:

Hadrien Mendonca of IIFL

Buy Sanofi India with target at Rs 5,707 and stop loss at Rs 4,934

Buy Infosys with target at Rs 1,343 and stop loss at Rs 1,210

Buy Bajaj Finance with target at Rs 2,342 and stop loss at Rs 2,083

Rajesh Agarwal of AUM Capital

Buy Reliance Capital with stop loss at Rs 403 and target of Rs 435

Buy Canara Bank with stop loss at Rs 263 and target of Rs 284

Buy Tata Steel with stop loss at Rs 590 and target of Rs 617

Buy United Breweries with stop loss at Rs 1200 and target of Rs 1255

Buy Power Finance Corporation with stop loss at Rs 80 and target of Rs 88

Ashwani Gujral of ashwanigujral.com