Sensex snaps over 100 points; top 20 trading ideas by experts for falling markets

NEW DELHI: The S&P BSE Sensex plunged as much as 140 points in trade on Monday, led by losses in Infosys, ICICI Bank, HDIL and Reliance Industries Ltd.

Tracking the momentum, the 50-share Nifty index which managed to regain its crucial psychological level of 6700 pared its morning gains and was trading closer to its crucial support level of 6650.

At 12:15 p.m.; the 50-share index was trading at 6657, down 36 points or 0.5 per cent. It touched a high of 6,725.15 and a low of 6,655.55 in early trade today.

The S&P BSE Sensex was trading at 22,232.23, down 126 points or 0.61 per cent. It touched a high of 22,481.62 and a low of 22,220.80 in trade today.

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

Ashwani Gujral of ashwanigujral.com

Tata Chemicals Ltd is a ‘BUY’ call with a target of Rs 305 and a stop loss of Rs 280

GAIL Ltd is a ‘BUY’ call with a target of Rs 385 and a stop loss of Rs 360

HPCL Ltd is a ‘BUY’ call with a target of Rs 335 and a stop loss of Rs 310

BPCL is a ‘BUY’ call with a target of Rs 472 and a stop loss of Rs 445

Mitesh Thacker of miteshthacker.com

Sesa Sterlite Ltd is a ‘BUY’ call with a target of Rs 206 and a stop loss of Rs 187

UltraTech Cements Ltd is a ‘BUY’ call with a target of Rs 2275 and a stop loss of Rs 2164

Apollo Hospitals Ltd is a ‘SELL’ call with a target of Rs 860 and a stop loss of Rs 908

Glenmark Pharmaceuticals Ltd is a ‘BUY’ call with a target of Rs 625 and a stop loss of Rs 584

Sandeep Wagle, Founder & CEO, Power My Wealth

UltraTech Cements Ltd is a ‘BUY’ call with a target of Rs 2260 and a stop loss of Rs 2170

Dr Reddy’s Laboratories Ltd is a ‘SELL’ call with a target of Rs 2540 and a stop loss of Rs 2630

Voltas Ltd is a ‘SELL’ call with a target of Rs 153 and a stop loss of Rs 161

Prakash Gaba, CFT, prakashgaba.com

Grasim Ltd is a ‘BUY’ call with a target of Rs 2930 and a stop loss of Rs 2830

Bank of Baroda is a ‘SELL’ call with a target of Rs 715 and a stop loss of Rs 747

Federal Bank is a ‘SELL’ call with a target of Rs 91 and a stop loss of Rs 94

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

Cipla Ltd is a ‘BUY’ call with a target of Rs 422 and a stop loss of Rs 377

HDFC Bank Ltd is a ‘SELL’ call with a target of Rs 700 and a stop loss of Rs 752

M&M Ltd is a ‘BUY’ call with a target of Rs 1050 and a stop loss of Rs 989

A K Prabhakar, Independent Market Expert

DLF Ltd is a ‘BUY’ call with a target of Rs 196 and a stop loss of Rs 166

NTPC Ltd is a ‘BUY’ call with a target of Rs 130 and a stop loss of Rs 115

Bata India Ltd is a ‘SELL’ call with a target of Rs 1050 and a stop loss of Rs 1112

(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.)