Sensex off highs, Nifty tests 7850 levels; top 20 intraday bets

NEW DELHI: The S&P BSE Sensex which rose as much as 166 points reversed gains and turned negative in mid-morning trade on Tuesday, led by losses in ITC, HDFC, TCS and ICICI Bank.

Tracking the momentum, the 50-share Nifty index also came under pressure and was trading near its crucial psychological support level of 7850, weighed down by losses in realty, metal and FMCG stocks.

At 1:00 p.m; the 30-share index was at 26,323.36, down 60.71 points or 0.23 per cent. It touched a high of 26,550.79 and a low of 26212.01 in early trade.

The Nifty was at 7860, down 24 points or 0.31 per cent. It touched a high of 7,928 and a low of 7825.45 in early trade.
ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Adani Enterprises Ltd is a 'SELL' call with a target of Rs 445 and a stop loss of Rs 462

Tata Steel Ltd is a 'SELL' call with a target of Rs 435 and a stop loss of Rs 460

Yes Bank Ltd is a 'BUY' call with a target of Rs 615 and a stop loss of Rs 590

Crompton Greaves Ltd is a 'BUY' call with a target of Rs 221 and a stop loss of Rs 200

Mitesh Thacker of miteshthacker.com

State Bank of India is a 'BUY' call with a target of Rs 2600 and a stop loss of Rs 2495

JustDial Ltd is a 'SELL' call with a target of Rs 1590 and a stop loss of Rs 1665

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 324

Titan Company Ltd is a 'SELL' call with a target of Rs 375 and a stop loss of Rs 397

Sandeep Wagle, Founder & CEO, Power My Wealth

BHEL is a 'BUY' call with a target of Rs 234 and a stop loss of Rs 218

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 348 and a stop loss of Rs 327

JSW Steel Ltd is a 'SELL' call with a target of Rs 1065 and a stop loss of Rs 1140

Prakash Gaba, CFT, prakashgaba.com

Bajaj Auto Ltd is a 'BUY' call with a target of Rs 2470 and a stop loss of Rs 2370

BHEL Ltd is a 'BUY' call with a target of Rs 230 and a stop loss of Rs 216

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 320

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

BHEL is a 'BUY' call with a target of Rs 245 and a stop loss of Rs 214

Bharat Forge Ltd is a 'BUY' call with a target of Rs 825 and a stop loss of Rs 757

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 315

Mayank Mehta, Derivative Analyst, KIFS Securities

LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 320

Glenmark Pharma Ltd is a 'BUY' call with a target of Rs 780 and a stop loss of Rs 715

CESC Ltd is a 'SELL' call with a target of Rs 695 and a stop loss of Rs 725

(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.)