'BUY' or 'SELL' ideas from experts for Tuesday, 31 January 2017

NEW DELHI: The BSE Sensex and NSE Nifty are likely to open on in red on Tuesday following weak global cues.

Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 26 points, or 0.30 per cent, down at 8,628, indicating a weak start for NSE Nifty index.

Asian peers Hang Seng and Nikkei were down by 0.06 per cent and 1.15 per cent, respectively, in morning trade.

On Wall Street, the Dow Jones Industrial Average fell 122.65 points, or 0.61 per cent, to close at 19,971.13, the S&P 500 lost 13.79 points, or 0.60 per cent, to 2,280.9 and the Nasdaq Composite dropped 47.07 points, or 0.83 percent, to 5,613.71.

Back home, benchmark BSE Sensex on Monday registered its first drop in five sessions, slipping 33 points, after investors took profit and adopted a cautious line ahead of the Economic Survey and the Union budget amid weak global leads.

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

ETMarkets.com has collated a list of trading ideas from various experts and here's what they had recommended:

Siddarth Bhamre, independent market expert
RIL is a 'Buy’ call with a target of Rs 1080 and a stop loss of Rs 1022
Syndicate Bank is a 'Buy’ call with a target of Rs 78 and a stop loss of Rs 66

Kunal Bothra, independent market analyst
Century Ply is a 'Buy’ call with a target of Rs 210 and a stop loss of Rs 196
Britannia is a 'Buy’ call with a target of Rs 3250 and a stop loss of Rs 3080

CK Narayan, Chart Advise
Castrol is a 'Buy' call with a target of Rs 423 and a stop loss of Rs 407
Century Textile is a 'Buy' call with a target of Rs 865 and a stop loss of Rs 845

(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned)