Sensex, Nifty rangebound a day ahead of RBI policy review: top 20 intraday bets

NEW DELHI: NEW DELHI: The S&P BSE Sensex pared gains and was trading in the red after rising as much as 116 points in trade on Monday, as Moody's Investors Service downgraded Japan's sovereign debt rating by one notch to A1 from Aa3, citing heightening uncertainty over the country's ability to hit its debt-reduction goal.

The announcement briefly sent the yen to a seven-year low against the dollar and pushed 10-year Japanese government bond (JGB) futures down by 10 ticks.

The US rating agency said the outlook was stable.

Tracking the momentum, the 50-share Nifty index which rose to its record high of 8623 earlier in trade came off from its highs, led by losses in Jindal Steel, NMDC, Tata Power, Sesa Sterlite and BHEL.

ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com

Apollo Tyres Ltd is a 'BUY' call with a target of Rs 244 and a stop loss of Rs 230

Dabur India Ltd is a 'BUY' call with a target of Rs 256 and a stop loss of Rs 242

Kotak Mahindra Bank Ltd is a 'BUY' call with a target of Rs 1260 and a stop loss of Rs 1200

HUL is a 'BUY' call with a target of Rs 815 and a stop loss of Rs 789

Sandeep Wagle, Founder & CEO, Power My Wealth

Titan Company Ltd is a 'BUY' call with a target of Rs 415 and a stop loss of Rs 375

JSW Energy Ltd is a 'BUY' call with a target of Rs 104 and a stop loss of Rs 93

Lupin Ltd is a 'BUY' call with a target of Rs 1539 and a stop loss of Rs 1480

Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 3460 and a stop loss of Rs 3381

Prakash Gaba, CFT, prakashgaba.com

CESC Ltd is a 'BUY' call with a target of Rs 742 and a stop loss of Rs 711

HUL is a 'BUY' call with a target of Rs 820 and a stop loss of Rs 796

Wipro Ltd is a 'BUY' call with a target of Rs 602 and a stop loss of Rs 587

Mayank Mehta, Derivative Analyst, KIFS Securities

Tata Motors Ltd is a 'BUY' call with a target of Rs 570 and a stop loss of Rs 520
Apollo Tyres Ltd is a 'BUY' call with a target of Rs 245 and a stop loss of Rs 230

Ambuja Cements Ltd is a 'BUY' call with a target of Rs 250 and a stop loss of Rs 220

Abhishek Karande, CMT, Technical Analyst - Institutional Research, SBICAP Securities

Ramco Cements Ltd is a 'BUY' call with a target of Rs 380 and a stop loss of Rs 335

Exide Ltd is a 'BUY' call with a target of Rs 190 and a stop loss of Rs 158

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 460 and a stop loss of Rs 412

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

Apollo Tyres Ltd is a 'BUY' call with a target of Rs 247 and a stop loss of Rs 215

Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 3475 and a stop loss of Rs 3260

Jubilant FoodWorks Ltd is a 'BUY' call with a target of Rs 1510 and a stop loss of Rs 1390

(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.)