The Benchmark indices are likely to open in green tracking positive cues from Asian peers on the last day of FY19. Asian shares posted narrow gains on Friday on revived hopes of progress in US-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
On Thursday, the market hit a fresh six-month high and closed the March series expiry day on a strong note led by gains in financials and IT stocks. The BSE Sensex rallied 412.84 to 38,545.72 while the Nifty50 climbed 125 points to 11,570. In March series, BSE Sensex surged 7.5 percent and Nifty50 jumped 7.2 percent, the biggest gains in a series since January 2015.
Among stocks, Ashwani Gujral is bullish on Syndicate Bank, Indian Bank, Indiabulls Housing Finance, Adani Ports and Muthoot Finance. Sudarshan Sukhani, meanwhile, has a 'buy' call on Piramal Enterprises and ITC and 'sell' call on Dabur India. Mitessh Thakkar is positive on Nestle India, Seimens, and TCS.
Top buy-sell calls by market experts for Friday:
Ashwani Gujral - ashwanigujral.com
- Buy Indiabulls Housing Finance with a stop loss of Rs 800, target at Rs 825
- Buy Muthoot Finance with a stop loss of Rs 600, target at Rs 625
- Buy Syndicate Bank with a stop loss of Rs 40, target at Rs 47
- Buy Indian Bank with a stop loss of Rs 274, target at Rs 286
- Buy Adani Ports with a stop loss of Rs 376, target at Rs 392
Mitessh Thakkar - mitesshthakkar.com
- Buy Piramal Enterprises with a stop loss of Rs 2,660, target at Rs 2,750
- Buy Muthoot Finance with a stop loss of Rs 599, target at Rs 635
- Sell Dabur India with a stop loss of Rs 417, target at Rs 400
- Buy ITC with a stop loss of Rs 295, target at Rs 310
Prakash Gaba - prakashgaba.com
- Buy Tata Consultancy Services with a stop loss of Rs 1,970, target at Rs 2,050
- Buy Nestle India with a stop loss of Rs 10,800, target at Rs 11,400-11,500
- Buy Indian Bank with a stop loss of Rs 264, target at Rs 300
- Buy Siemens with a stop loss of Rs 1,060, target at Rs 1,130
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