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

The 50-share NSE Nifty after opening at 11,056.90 extended gains to hit an intraday high of 11,071.35, but wiped out those gains in the morning trade itself to hit day's low of 10,999.75. It traded in a range of about 30 points for rest of the day but did not break previous day's intraday low of 10,999.65.

According to Pivot charts, the key support level is placed at 10,988.7, followed by 10,958.5. If the index starts moving upwards, key resistance levels to watch out are 11,060.2 and 11,101.5.

The Nifty Bank index closed at 26,935.95, down 90.6 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 26,858.03, followed by 26,780.17. On the upside, key resistance levels are placed at 27,058.03, followed by 27,180.17.

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

Ashwani Gujral of ashwanigujral.com

Buy Asian Paints with a stop loss of Rs 1350, target of Rs 1410

Buy Britannia Industries with a stop loss of Rs 6400, target of Rs 6620

Sell REC with a stop loss of Rs 98, target of Rs 92

Sell Jet Airways with a stop loss of Rs 336, target of Rs 330

Sell Jindal Steel & Power with a stop loss of Rs 210, target of Rs 198

Mitessh Thakkar of mitesshthakkar.com

Sell Biocon with a stop loss of Rs 611 and target of Rs 575

Buy GAIL India with a stop loss below Rs 350 for target of Rs 375

Buy Piramal Enterprises with a stop loss of Rs 2490 and target of Rs 2575

Sell Canara Bank with a stop loss of 238 and target of Rs 215