Top Buy and Sell Ideas by Sudarshan Sukhani, Mitessh,Thakkar, Prakash Gaba for short term

Sudarshan Sukhani of s2analytics.com recommends buying Mindtree with a stop loss of Rs 702 and a target of Rs 725 and Pidilite Industries with stop loss at Rs 1215 and target of Rs 1255

The market extended selling pressure for the second consecutive session and closed at a five-month low on July 30, dragged by banks, auto, metals and pharma stocks.

The BSE Sensex was down 289.13 points at 37,397.24 while the Nifty50 fell 103.80 points to close below the 200-day moving average, at 11,085.40 and formed a large bearish candle on daily charts.

Selling pressure in broader markets was quite high compared to benchmark indices, especially after sharp correction in Coffee Day Enterprises and Sical Logistics stocks as owner VG Siddhartha was reported missing on July 29. The Nifty midcap index lost nearly 2 percent and Smallcap index was down 2.6 percent.

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