'BUY' OR 'SELL' ideas by experts for Friday, December 16

NEW DELHI: Indian shares are expected to trade higher ahead of the Reserve Bank of India's policy review meet due later today.

BSE Sensex slipped to its lowest close in nearly three weeks on Thursday as investors fled riskier assets ahead of the RBI policy meet later today.

"Yesterday, though in early morning trades it appeared that we might see sharp declines. However, indices managed to recover from lows to close above 4700. This has been fourth consecutive day that indices managed to avoid closing below 4700 and according to long term charts this is a very critical level," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.

"Few stocks like Coal India , SBI, Petronet LNG, Jubliant food and Ambuja cement looks poised for short term rally in case indices cross 16050 on the Sensex and 4820 for the Nifty," added Rakesh.

"Indian markets are in a downtrend with the Nifty trading below 50 and 200 daily moving average. However, in last few months Nifty has taken support at 4730 levels. A short-term bounce can be expected from here," said Milan Bavishi, Head - Research, Inventure Growth and Securities in an ET report.

"Nifty's resistances are placed at 4880-4950, which could be used for profit booking for longs. On the downside supports are placed at 4630-4525," added Milan

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

Mitesh Thacker of miteshthacker. com

Dabur India Ltd is a 'BUY' call with a target of Rs 105 and a stop loss of Rs 94

Divi's Laboratories Ltd is a 'BUY' call with a target of Rs 775 and a stop loss of Rs 728

Gujarat Mineral Development Corporation Ltd is a 'SELL' call with a target of Rs 158 and a stop loss of Rs 174.50

Sterlite Industries Ltd is a 'SELL' call with a target of Rs 85 and a stop loss of Rs 97.25

Tata Global Beverages Ltd is a 'BUY' call with a target of Rs 95 and a stop loss of Rs 87.75

Brokerage Call:

Macquarie maintains ICICI Bank at 'Neutral' with a target price of Rs 920

Merrill Lynch maintains 'L&T' at 'Neutral' with a target price of Rs 1520

JPMorgan maintains Tata Motors at 'Overweight' with a target price of Rs 203

Morgan Stanley maintains Ranbaxy at 'Overweight' with a target price of Rs 486

Aberdeen AMC: Bullish on CMC, Mphasis among mid-cap stocks