Mitessh Thakkar of mitesshthakkar.com suggests buying Interglobe Aviation with a stop loss of Rs 1069 and target of Rs 1124, Oriental Bank of Commerce with a stop loss of Rs 79.5 and target of Rs 86 and Pidilite Industries with a stop loss of Rs 1129 and target of Rs 1180.

Bulls went on a rampage on the first day of the truncated week. The Nifty 50 surpassed the psychological 11,500-mark at the opening of trade on August 20, extended the rally through the day and closed above 11,550 levels for the first time, forming a bullish candle on the daily charts.

It was a broad-based based rally and driven majorly by banking & financials, metals and auto stocks. Positive global cues and recovery in the rupee also boosted investors’ sentiment.

India VIX fell by 0.28 percent to 13.12 levels and overall lower volatility suggests tight grip of the bulls in the market.

According to Pivot charts, the key support level is placed at 11,512.57, followed by 11,473.33. If the index starts moving upwards, key resistance levels to watch out are 11,578.17 and 11,604.53.

The Nifty Bank index closed at 28,274.25, up 145.70 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 28,189.84, followed by 28,105.47. On the upside, key resistance levels are placed at 28,340.44, followed by 28,406.67.

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

Ashwani Gujral of ashwanigujral.com

Buy Bank of Baroda with a stop loss of Rs 148, target of Rs 160

Buy Canara Bank with a stop loss of Rs 282, target of Rs 298

Buy L&T Finance Holdings with a stop loss of Rs 182, target of Rs 194

Buy Tata Steel with a stop loss of Rs 595, target of Rs 620

Buy Hindalco Industries with a stop loss of Rs 222, target of Rs 234

Sudarshan Sukhani of s2analytics.com

Buy NIIT Technologies with a stop loss at Rs 1295 and target of Rs 1355

Buy Havells India with a stop loss at Rs 680 and target of Rs 705

Buy Ajanta Pharma with a stop loss at Rs 1180 and target of Rs 1255

Sell Zee Entertainment with a stop loss at Rs 511 and target of Rs 496

Sell Shriram Transport Finance with a stop loss at Rs 1344 and target of Rs 1280

Mitessh Thakkar of mitesshthakkar.com

Sell Container Corporation with a stop loss of Rs 640.5 and target of Rs 600

Buy Interglobe Aviation with a stop loss of Rs 1069 and target of Rs 1124

Buy Oriental Bank of Commerce with a stop loss of Rs 79.5 and target of Rs 86

Buy Pidilite Industries with a stop loss of Rs 1129 and target of Rs 1180

Buy RBL Bank with a stop loss of Rs 578 and target of Rs 620

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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.