Buy-Sell Recommendations for Short Term
Market Experts recommended the buy and sell ideas an interview to CNBC TV18. They are optimistic about the following stocks which would deliver profitable returns.
Indian equity markets continued their positive momentum and closed in the green on 11th September 2019 due to positive global cues. Especially, we saw the action in midcap and small-cap index. Auto shares witnessed growth momentum as well as buying interest. Owing to lots of news build up the hopes of further stimulus by the government, GST rate cut and elections.
The stocks Jubilant food and Equitas showed the growth momentum. Bata, CESC, Dr Lal PathLabs, PI Industries, Relaxo Footwears, Vinati Organics were the all-time high stocks majorly belong to midcap. The benchmark index continued its rally for the fifth consecutive session. It has been forming higher highs and higher lows from the last four sessions.
Nifty 50 closed at 11035, advanced 32.70 points or 0.30%. Nifty Midcap 100 closed at 15940.40, surged over 140.90 points or 0.89%. Sensex closed at 37,270.82, climbed 125.37 points or 0.34%.
In NSE, 1337 stocks advanced while 472 stocks declined and in BSE 1845 stocks advanced, 775 stocks declined. In Nifty50, 25 stocks advanced, 25 stocks declined. While, in BSE Sensex, 18 stocks advanced, 13 stocks declined. In Nifty Bank, 9 stocks advanced, 3 declined. In F&O, 106 stocks advanced, 54 stocks declined.
Positive contributors for Nifty including Reliance, Tata Motors, Maruti and SBI. While the negative contributors for Nifty including Infosys, TCS, ITC, and HCL Tech. Auto shares gainers such as Tata Motors, Eicher Motors, Maruti Suzuki, Motherson Sumi.
On the Upside, the key supporting levels for Nifty are 11,056.43 and 11,077.17. While on the downside, support is placed at 11,013.33 then 10,990.07.
RBL Bank is a buy call with a target of Rs 395 and a stop loss of Rs 370
Escorts is a buy call with a target of Rs 555 and a stop loss of Rs 515
Tata Power is a buy call with a target of Rs 66 and a stop loss of Rs 59
PFC is a buy call with a target price of Rs 118 and a stop loss of Rs 106
CESC is a buy call with a target price is at Rs 850 and a stop loss is at Rs 798
IndusInd Bank is a buy call with a target price is at Rs 1415 and a stop loss is at Rs 1350
Punjab National Bank is a buy call with a target price of Rs 68 and a stop loss of Rs 63.5.
Tata Motors is a buy call with a target price of Rs 144 and a stop loss of Rs 129
Jindal Steel & Power is a buy call with a target price of Rs 120 and a stop loss of Rs 100
Piramal Enterprises is a buy call with a target price of Rs 2050 and a stop loss of Rs 1920
Wipro is a sell call with a target price of Rs 245 and a stop loss of Rs 251
Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.