Sensex loses steam, falls over 400 points; top 10 intraday trading ideas

NEW DELHI: After reclaiming its psychological level of 29000, the S&P BSE Sensex came under intense selling pressure and plunged over 400 points.

Markets @ 2 pm

Sensex at 28,517.64; down 412.77 points. Nifty at 8,651.65; down 124.35 points.

Top losers on Sensex: BHEL (-2.6%), SUN PHARMA (-2.3%), AXIS BANK (-2.2%), TATA STEEL (-1.9%), WIPRO (-1.9%)
ET Now spoke to various experts and here's what they have to recommend for today's trade:

Sandeep Wagle, Founder & CEO, Power My Wealth

JSW Energy Ltd is a 'BUY' call with a target of Rs 123 and a stop loss of Rs 112

Apollo Tyres Ltd is a 'SELL' call with a target of Rs 162 and a stop loss of Rs 175

Tata Motors DVR is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 342

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Prakash Gaba, CFT, prakashgaba.com

Aurobindo Pharma Ltd is a 'BUY' call with a target of Rs 1200 and a stop loss of Rs 1110

Havells India Ltd is a 'BUY' call with a target of Rs 304 and a stop loss of Rs 292

LIC Housing Finance Ltd is a 'SELL' call with a target of Rs 450 and a stop loss of Rs 475

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Manish Hathiramani, Proprietary Trader & Technical Trader, Deen Dayal Investment

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Tata Steel Ltd is a 'SELL' call with a target of Rs 320 and a stop loss of Rs 345

State Bank of India is a 'SELL' call with a target of Rs 270 and a stop loss of Rs 303

Godrej Industries Ltd is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 325

Sameet Chavan, Technical Analyst - Angel Broking

IOC Ltd is a 'BUY' call with a target of Rs 358 and a stop loss of Rs 333

Markets @ 11:38: Sensex @ 28,625.15; down 305.26 points. Nifty at 8,687.75; down 88.25 points.

Top losers on Sensex: AXIS BANK (-2.4%), BAJAJ AUTO (-2.2%), BHEL (-2.0%), GAIL (-1.8%), SUN PHARMA (-1.7%) Markets @ 10:30 - Sensex down 114 points at 28,816.36. Nifty at 8,734.55; down 41.4 points

Top gainers on Sensex: HDFC (1.2%), ICICI BANK (0.9%), NTPC (0.2%), ONGC (0.1%), CIPLA (0.1%)

Top losers: AXIS BANK (-2.0%), HINDALCO (-1.7%), SUN PHARMA (-1.5%), BAJAJ AUTO (-1.4%), BHEL (-1.2)


(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.)