Sensex directionless; here’s what experts are betting on in rangebound markets

NEW DELHI: The S&P BSE Sensex was trading in a range on Wednesday, supported by gains in ITC, ICICI Bank, RIL, HDFC Bank and Tata Motors.

Tracking the momentum, the 50-share Nifty index was trading flat supported by gains in FMCG, banks, power, oil & gas and metal stocks.

At 1 p.m.; the 30-share index was at 22,357.89; down 127.04 points, or 0.57%.

The Nifty was at 6,697.35; down 35.75 points, or 0.53%.
ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Petronet LNG Ltd is a ‘BUY’ call with a target of Rs 156 and a stop loss of Rs 144

Hindustan Unilever is a ‘BUY’ call with a target of Rs 636 and a stop loss of Rs 610

Adani Ports Ltd is a ‘BUY’ call with a target of Rs 210 and a stop loss of Rs 188

IndusInd Bank Ltd is a ‘BUY’ call with a target of Rs 510 and a stop loss of Rs 485

Mitesh Thacker of miteshthacker.com

Bharti Airtel Ltd is a ‘BUY’ call with a target of Rs 341 and a stop loss of Rs 324

Adani Ports Ltd is a ‘BUY’ call with a target of Rs 208 and a stop loss of Rs 191

Dr Reddy’s Laboratories Ltd is a ‘SELL’ call with a target of Rs 2500 and a stop loss of Rs 2580

Reliance Infrastructure Ltd is a ‘BUY’ call with a target of Rs 530 and a stop loss of Rs 499

Sandeep Wagle, Founder & CEO, Power My Wealth

Rolta India Ltd is a ‘BUY’ call with a target of Rs 89 and a stop loss of Rs 79

IGL Ltd is a ‘BUY’ call with a target of Rs 307 and a stop loss of Rs 292

Adani Enterprises Ltd is a ‘BUY’ call with a target of Rs 495 and a stop loss of Rs 435

V N Giri Saladi - Technical Analyst - Equity Research, Unicon wealth Management

M&M Ltd is a ‘SELL’ call with a target of Rs 951 and a stop loss of Rs 1005

UPL Ltd is a ‘BUY’ call with a target of Rs 243 and a stop loss of Rs 210

NTPC Ltd is a ‘BUY’ call with a target of Rs 134

Ankit Chaudhary, Senior Tech Analyst, Analyse India

Dhanlaxmi Bank Ltd is a ‘BUY’ call with a target of Rs 48 and a stop loss of Rs 37

Tata Communications Ltd is a ‘BUY’ call with a target of Rs 350 and a stop loss of Rs 298

NHPC Ltd is a ‘BUY’ call with a target of Rs 24 and a stop loss of Rs 19

Shrikant Chouhan, Senior VP - Technical Research, Kotak Securities

Tata Steel Ltd is a ‘BUY’ call with a target of Rs 435 and a stop loss of Rs 407

Idea Cellular Ltd is a ‘BUY’ call with a target of Rs 147 and a stop loss of Rs 138

ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 1275 and a stop loss of Rs 1210

(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.)