'BUY' OR 'SELL' ideas by experts for today's trade

NEW DELHI: Indian markets are likely to trade volatile as fears grow that Greece will default and the euro zone debt crisis will spread.

"The 50-share Nifty index fell below its critical level of 4900 with a gap down in the previous session, and the frontline stocks were very close to their 52 week lows," said Kunal Bothra, Senior Technical Analyst, Manager Advisory, LKP Securities.

"Indian markets are likely to remain under pressure as global and domestic cues continue to remain weak. The 50-share Nifty index is likely to hit levels close to 4750 over the next few sessions," said Kunal Saraogi, CEO, Equityrush.

"Traders must continue to hold short positions and refrain from taking long positions. Nifty faces stiff resistance close to 4940 levels on the Nifty," added Kunal.

"We believe that the markets would trade in a volatile range, and it is very important for traders to trade with light positions, and adhere to strict stop losses," added Kunal Bothra of LKP Securities.

Equityrush Recommendations:

Crompton Greaves Ltd is a 'SELL' call with a stop loss above Rs 150 and a target of Rs 135

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

Ashwani Gujral of ashwanigujral. com

JSW Steel Ltd is a 'SELL' call with a target of Rs 450 and a stop loss of Rs 600

HDIL is a 'SELL' call with a target of Rs 80 and a stop loss of Rs 98

BPCL is a 'BUY' call with a target of Rs 710 and a stop loss of Rs 650

Axis Bank Ltd is a 'SELL' call with a target of Rs 920 and a stop loss of Rs 1040

SAIL is a 'SELL' call with a target of Rs 90 and a stop loss of Rs 105

Mitesh Thacker of miteshthacker. com

Educomp Solutions Ltd is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 233.50

Colgate Palmolive India Ltd is a 'SELL' call with a target of Rs 925 and a stop loss of Rs 986

IndusInd Bank Ltd is a 'SELL' call with a target of Rs 242 and a stop loss of Rs 262

Kotak Mahindra Bank Ltd is a 'SELL' call with a target of Rs 420 and a stop loss of Rs 460

SAIL is a 'SELL' call with a target of Rs 90 and a stop loss of Rs 105

Vijay Bhambwani, Author, CEO, BSPLindia.com

Petronet LNG is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 160

Jain Irrigation Ltd is a 'BUY' call with a target of Rs 146 and a stop loss of Rs 140.50

BPCL is a 'BUY' call with a target of Rs 682 and a stop loss of Rs 672

Other Brokerage Calls:

HDIL is a 'SELL' call from Techno with a target of Rs 85 and a stop loss of Rs 95

Tata Motors Ltd is a 'SELL' call from Equity Trendz with a target of Rs 138 and a stop loss of Rs 153