QE fears resurface, markets crash; here’s what experts are betting on

NEW DELHI: The Sensex plunged over 300 points and is now trading below its psychological level of 21,000; thanks to the disappointing manufacturing data from China last week and fresh concerns over a possible pullback of stimulus package in the US.

According to analysts, global markets, especially emerging markets, are likely to see more pain in the next few sessions. Investors should try to buy quality stocks on decline and traders should be cautious in volatile market.

At 11:30 a.m.; the Nifty was at 6,169.90, down 96 points or 1.54 per cent. It touched a high of 6,188.55 and a low of 6,162.90 in trade today. The 50-share index dropped for second straight session and slipped below 50-DMA on emerging markets currency problems.

The S&P BSE Sensex was at 20,815.62, down 317 points or 1.5 per cent. It touched a high of 20,899.03 and a low of 20,787.25 in trade today.

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

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Tata Motors Ltd is a ‘SELL’ call with a target of Rs 336 and a stop loss of Rs 356

IndusInd Bank Ltd is a ‘SELL’ call with a target of Rs 372 and a stop loss of Rs 405

Hindalco Industries Ltd is a ‘SELL’ call with a target of Rs 102 and a stop loss of Rs 113

Prakash Gaba, CFT, prakashgaba.com

HDIL is a ‘SELL’ call with a target of Rs 44 and a stop loss of Rs 47

Power Finance Corporation is a ‘SELL’ call with a target of Rs 127 and a stop loss of Rs 135

Reliance Capital Ltd is a ‘SELL’ call with a target of Rs 320 and a stop loss of Rs 335

Mitesh Panchal, AVP (Value Addition), Shah Investor’s Home Ltd

UltraTech Cements Ltd is a ‘BUY’ call with a target of Rs 1750 and a stop loss of Rs 1650

State Bank of India is a ‘SELL’ call with a target of Rs 1540 and a stop loss of Rs 1630

Asian Paints Ltd is a ‘SELL’ call with a target of Rs 450 and a stop loss of Rs 485

Vishal.B.Malkan of Malkansview

Reliance Infrastructure Ltd is a ‘SELL’ call with a target of Rs 365 and a stop loss of Rs 400

Divi’s Laboratories Ltd is a ‘BUY’ call with a target of Rs 1375 and a stop loss of Rs 1290

Tata Motors Ltd is a ‘SELL’ call with a target of Rs 335 and a stop loss of Rs 365

Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities

Reliance Infrastructure Ltd is a ‘SELL’ call with a target of Rs 363 and a stop loss of Rs 395

Sun Pharma Ltd is a ‘BUY’ call with a target of Rs 630 and a stop loss of Rs 595

HDFC Ltd is a ‘BUY’ call with a target of Rs 865 and a stop loss of Rs 829

Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan

HDIL is a ‘SELL’ call with a target of Rs 36 and a stop loss of Rs 50

DLF Ltd is a ‘SELL’ call with a target of Rs 130 and a stop loss of Rs 155

Punjab National Bank is a ‘SELL’ call with a target of Rs 500 and a stop loss of Rs 596

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