Benchmark indices are likely to open flat on Monday, tracking Asian shares, as investors awaited March-quarter corporate earnings. IT biggies TCS and Infosys will kick off the March quarter earnings season on April 12 as well as the first phase of general elections will take place later this week.
NSE
The market gained on Friday after consolidating for a few sessions, driven by banking and financials and metals stocks. The 30-share BSE Sensex climbed 177.51 points to 38,862.23 while the Nifty50 rose 67.95 points to 11,665.95
Among stocks, Ashwani Gujral is bullish on Cholamandalam Investment, Jindal Steel & Power, Bajaj Finance, Can Fin Homes and Vedanta. While, Sudarshan Sukhani prefers buying Bajaj Finserv, JSW Steel, HDFC, Infosys, and selling CG Power. Mitessh Thakkar is positive on Marico, Tata Motors DVR, Tata Steel and is negative on Colgate Palmolive
Top buy-sell calls from market experts for Monday:
Ashwani Gujral - ashwanigujral.com
- Buy Cholamandalam Investment with a stop loss of Rs 1,470, target at Rs 1510
- Buy Jindal Steel & Power with a stop loss of Rs 182, target at Rs 194
- Buy Bajaj Finance with a stop loss of Rs 3,100, target at Rs 3165
- Buy Can Fin Homes with a stop loss of Rs 355, target at Rs 372
- Buy Vedanta with a stop loss of Rs 188, target at Rs 200
Sudarshan Sukhani - s2analytics.com
- Buy Bajaj Finserv with a stop loss of Rs 7,360, target at Rs 7,450
- Buy JSW Steel with a stop loss of Rs 292, target at Rs 299
- Buy HDFC with a stop loss of Rs 2,052, target at Rs 2,080
- Buy Infosys with a stop loss of Rs 755, target at Rs 765
- Sell CG Power with a stop loss of Rs 39.9, target at Rs 38
Mitessh Thakkar - mitesshthakkar.com
- Sell Colgate Palmolive with a stop loss of Rs 1,241, target at Rs 1,200
- Buy Tata Motors DVR with a stop loss of Rs 95.7, target at Rs 106
- Buy Tata Steel with a stop loss of Rs 539, target at Rs 570
- Buy Marico with a stop loss below Rs 350, target at Rs 370