It was a weak start for benchmark indices this week with the Sensex and Nifty losing nearly 1 percent each on March 25. This was the second consecutive session of decline for the market. The 30-share BSE Sensex fell 355.70 points at 37,808.91, and the Nifty was down 102.65 points at 11,354.25.
India VIX moved up by 1.93 percent at 16.59 levels. Volatility fell down from highs but moved from its base of 14 zones so some volatile cues could be seen.
All the sectoral indices ended in the red. The Nifty Midcap index and Smallcap index fell 1 percent each.
According to the Pivot charts, the key support level is placed at 11,311.97, followed by 11,269.73. If the index starts moving upward, key resistance levels to watch out are 11,396.07 and 11,437.93.
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The Nifty Bank index closed at 29,281.2, down 301.1 points on March 25. The important Pivot level, which will act as crucial support for the index, is placed at 29,181.8, followed by 29,082.4. On the upside, key resistance levels are placed at 29,355, followed by 29,428.8.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell Zee Entertainment with a stop loss of Rs 421, target of Rs 406
Sell Bharti Infratel with a stop loss of Rs 310, target of Rs 298
Sell United Breweries with a stop loss of Rs 1340, target of Rs 1280
Buy Hindustan Petroleum Corporation with a stop loss of Rs 270, target of Rs 284
Buy Can Fin Homes with a stop loss of Rs 323, target of Rs 341
Sudarshan Sukhani of s2analytics.com
Buy Can Fin Homes with stop loss at Rs 320 and target of Rs 338
Buy Divis Labs with stop loss at Rs 1688 and target of Rs 1730
Buy Aurobindo Pharma with stop loss at Rs 768 and target of Rs 785
Sell Mahindra & Mahindra with stop loss at Rs 673 and target of Rs 656
Sell Ceat with stop loss at Rs 1100 and target of Rs 1060
Mitessh Thakkar of mitesshthakkar.com
Buy Adani Ports with a stop loss of Rs 355 and target of Rs 373
Sell Biocon with a stop loss of Rs 619 and target of Rs 590
Buy Cholamandalam Investment with a stop loss of Rs 1309 and target of Rs 1365
Buy ONGC with a stop loss of Rs 154 and target of Rs 166
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First Published on Mar 26, 2019 08:46 am