On Friday, the domestic shares marked record closing highs, posting their fifth consecutive weekly gain. The BSE Sensex closed up 0.54 per cent at 34,153.85 and the NSE Nifty ended 0.51 per cent higher at 10,558.85.
“…Going ahead, as far as index is concerned, we do not expect any major movement as we expect the index to remain lethargic and see some profit booking in the zone of 10,600-10,630. On the flipside, 10,500 followed by 10,400 would be seen as a crucial support zone,” said Sameet Chavan, chief analyst-technical and derivatives, Angel Broking.
Market experts shared their trading picks.
Research analyst Simi Bhaumik:
Buy BHEL for a target price of Rs 107 with stop loss at Rs 98
Buy UBL for a target price of Rs 1,189 with stop loss at Rs 1,130
Buy Yes Bank for a target price of Rs 347 with stop loss at Rs 320
Lovelesh Sharma of Epic Research:
Buy Aurobindo Pharma for a target price of Rs 705 with stop loss at Rs 655
Buy Indiabulls Housing Finance for a target price of Rs 1,260 with stop loss at Rs 1,172
Disclaimer: Investors are advised to make their own assessment before acting on the information.