What experts are betting on as Nifty climbs past 6,200

MUMBAI: The Nifty index continued with its upwards momentum and breached 6,200 on the back of sustained buying from institutional investors after the second quarter GDP grew in line with expectations.

At 12:15 p.m.; the 50-share index was at 6,215.50, up 39.40 points or 0.64 per cent. It touched a high of 6,228.70 and a low of 6,171.15 in trade today.

The S&P BSE Sensex was at 20,900.27, up 108.34 points or 0.52 per cent. It touched a high of 20,941 and a low of 20,770.51 in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral, Fund Manager, Ashwanigujral.com

Buy IDFC with a stop loss of Rs 103 for target of Rs 114

Buy Raymond with a stop loss of Rs 277 for target of Rs 292

Buy Shriram Transport with a stop loss of Rs 595 for target of Rs 640

Buy Bank of India with a stop loss of Rs 216 for target of Rs 232



Mitesh Thacker, Technical Analyst, miteshthacker.com

Buy OBC buy with a stop loss of Rs 185 for target of Rs 200

Buy Adani Ports with a stop loss of Rs 155 for target of Rs 168

Buy Bank Nifty with a stop loss of 11,140 for target of 11,700



Sandeep Wagle, Founder & MD, aptartindia.com

Buy Ranbaxy with stop loss of Rs 435 for target of Rs 475

Buy ICICI Bank with stop loss of Rs 1,085 for target of Rs 1,030

Sell ONGC with stop loss of Rs 290 for target of Rs 278

Prakash Gaba, CFT, MSTA Technical Analyst & Trader

Axis Bank can climb to around Rs 1,250; keep a stop loss of Rs 1,160

Colgate Palmolive can climb to around Rs 1,304; keep a stop loss of Rs 1,267

PNB can climb to around Rs 590; keep a stop loss of Rs 550

Mayank Mehta, Derivatives Analyst, LKP Shares

Buy Axis Bank with stop loss of Rs 1,150 for target of Rs 1,220

Buy Jindal Steel with stop loss of Rs 260 for target of Rs 275

Buy DLF with stop loss of Rs 147 for target of Rs 165

Siddhartha Chatterjee, Trustline Securities

Buy PNB with stop loss of Rs 552 for target of Rs 568

Buy ICICI Bank with stop loss of Rs 1,086 for target of Rs 1,107

Buy L&T with stop loss of Rs 1,048 for target of Rs 1,072

(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned)