Top buy & sell ideas by Ripples Advisory for short term

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Buying Axis Bank with a stop loss of Rs 568 and target of Rs 588, Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305 and Cummins India with a stop loss of Rs 680 and target of Rs 750.

The Nifty50 after opening sharply higher extended rally as the day progressed and recouped all losses seen in the previous session to end at fresh record closing high on Friday.

The index formed a strong bullish candle on the daily candlestick charts. The renewed trade war tensions between the world's largest economies US and China spooked the market on Thursday.

The Nifty50 after opening on a strong note at 11,297.80 rallied further to hit an intraday high of 11,368 and ended at record closing high of 11,360.80, up 116.10 points.

The sharp rebound after correction indicated the market may be heading for higher levels at around 11,450-11,500 levels but the may see some consolidation before moving towards these levels, experts said.

According to Pivot charts, the key support level is placed at 11,314.2, followed by 11,267.6. If the index starts moving upwards, key resistance levels to watch out are 11,387.7 and 11,414.6.

The Nifty Bank index closed at 27,695.50, up 339.55 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,521.47, followed by 27,347.43. On the upside, key resistance levels are placed at 27,796.27, followed by 27,897.04.

Share Market Tips

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

Buy L&T Finance Holdings with a stop loss of Rs 176, target of Rs 190

Buy NIIT Technologies with a stop loss of Rs 1280, target of Rs 1330

Buy Canara Bank with a stop loss of Rs 286, target of Rs 301

Buy ICICI Bank with a stop loss of Rs 300, target of Rs 315

Buy Axis Bank with a stop loss of Rs 570, target of Rs 625

Buy Aurobindo Pharma with a stop loss at Rs 615 and target of Rs 645

Buy Voltas with a stop loss at Rs 568 and target of  Rs 590

Buy TCS with a stop loss at Rs 1950 and target of Rs 2025

Sell Jet Airways with a stop loss at Rs 313 and target of  Rs 295

Sell Zee Entertainment Enterprises with a stop loss at Rs 525 and target of Rs 510

Buy Axis Bank with a stop loss of Rs 568 and target of Rs 588

Buy Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305

Buy Cummins India with a stop loss of Rs 680 and target of Rs 750

Buy LIC Housing Finance with a stop loss of Rs 530 and a target of Rs 560

Buy GSFC with a stop loss of Rs 112.7 and target of Rs 125

Disclaimer:-The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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