Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Mitessh Thakkar of mitesshthakkar.com recommends buying Interglobe Aviation with a stop loss of Rs 1204 and target of Rs 1270, Jubilat Foodworks around Rs 1320 with stop loss of Rs 1299 and target of Rs 1365 and Reliance Industries with a stop loss of Rs 1246 and target of Rs 1300.

Bulls continued to dominate Dalal Street for third consecutive session on Wednesday. Despite mixed global cues, the Nifty50 closed above psychological 11,000 levels for the first time since February 7, 2019.

The index rallied 65.55 points to 11,053 and formed bullish candle on the daily charts. The 30-share BSE Sensex climbed 193.56 points to 36,636.10.

The short term trend is expected to be positive after crossing psychological levels, but there could be some consolidation following three-day rally, experts said.

According to Pivot charts, the key support level is placed at 11,013.77, followed by 10,974.53. If the index starts moving upward, key resistance levels to watch out are 11,077.27 and 11,101.53.

The Nifty Bank index closed at 27,625.65, up 71.60 points on March 6. The important Pivot level, which will act as crucial support for the index, is placed at 27,517.97, followed by 27,410.23. On the upside, key resistance levels are placed at 27,707.57, followed by 27,789.43.

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

Ashwani Gujral of ashwanigujral.com

Buy Raymond with a stop loss of Rs 810, target of Rs 845

Buy Escorts with a stop loss of Rs 730, target of Rs 760

Buy RBL Bank with a stop loss of Rs 620, target of Rs 642

Buy Bajaj Finance with a stop loss of Rs 2750, target of Rs 2810

Buy Tata Elxsi with a stop loss of Rs 940, target of Rs 975

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