Rajat Bose of rajatkbose.com recommends buying Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90 and Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308.

The 30-share BSE Sensex rallied 629.06 points or 1.79 percent to 35,779.07 while the Nifty50 climbed 188.40 points or 1.79 percent to 10,737.60, recouping around 400 points from its major support of 10,333 levels.

The index formed robust bullish candle on the daily charts for the second consecutive session.

After the sharp rally, the index is likely to cross 10,800 levels in coming session but there could be profit booking at same levels, experts said, adding in next couple of weeks, it may hit psychological 11,000 levels.

The broader markets continued to outperform frontliners with the Nifty Midcap rising 2.64 percent and Smallcap 3 percent). Even the buying was seen across sectors with Bank, Auto, FMCG, IT, Metal and Realty indices gaining 1-4 percent.

India VIX fell sharply by 11.90 percent to 15.81 levels. It has seen a sharp cut of 22.65 percent in last two sessions which suggests that now bulls are getting a grip on the market with the expectation of limited downside.

According to Pivot charts, the key support level is placed at 10,614.87, followed by 10,492.13. If the index starts moving upward, key resistance levels to watch out are 10,806.27 and then 10,874.93.

The Nifty Bank index closed at 26,643.85, up 480.45 points on December 12. The important Pivot level, which will act as crucial support for the index, is placed at 26,348.16, followed by 26,052.53. On the upside, key resistance levels are placed at 26,806.06, followed by 26,968.33.

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

Rajat Bose of rajatkbose.com

Buy Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90

Buy Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308

Buy Godrej Consumer with stop loss below Rs 763 for targets of Rs 786 and Rs 801

Buy State Bank of India with stop loss below Rs 283 for targets of Rs 289 and Rs 291.

Mitessh Thakkar of mitesshthakkar.com

Buy Pidilite Industries with a stop loss of Rs 1136 and target of Rs 1185

Buy Larsen & Toubro with a stop loss of Rs 1386 and target of Rs 1430

Buy Manappuram Finance with a stop loss of Rs 86.9 for target of Rs 94

Buy TVS Motor with a stop loss of Rs 557 for target of Rs 595

Prakash Gaba of prakashgaba.com

Buy Bajaj Finance with target at Rs 2580 and stop loss at Rs 2450

Buy Castrol India with target at Rs 153 and stop loss at Rs 146

Buy RBL Bank with target at Rs 585 and stop loss at Rs 563

Buy Vedanta with target at Rs 205 and stop loss at Rs 195

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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.