Sensex volatile ahead of F&O expiry; top 20 intraday trading ideas

NEW DELHI: The S&P BSE Sensex slipped over 50 points in trade on Wednesday ahead of F&O expiry, led by losses in HDFC, ONGC, HDFC Bank and Reliance Industries Ltd.

The trade is expected to turn choppy on the settlement day of December series, say experts.

Tracking the momentum, the 50-share Nifty index was also trading in a range with a negative bias, weighed down by losses in consumer durable, oil & gas, power and IT stocks.

At 11:30 a.m.; the 50-share index was at 8,265.65, down 4 points or 0.05 per cent. It touched a high of 8,286.40 and a low of 8,251.55 in trade today.

The S&P BS Sensex was at 27,480.52, down 26 points or 0.10 per cent. It touched a high of 27,571.25 and a low of 27,449.64 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

HCL Technologies Ltd is a 'BUY' call with a target of Rs 1600 and a stop loss of Rs 1530

JSW Energy Ltd is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 99

Biocon Ltd is a 'SELL' call with a target of Rs 400 and a stop loss of Rs 424

Voltas Ltd is a 'SELL' call with a target of Rs 220 and a stop loss of Rs 238

Mitesh Thacker of miteshthacker.com

Aurobindo Pharma Ltd is a 'SELL' call with a target of Rs 1020 and a stop loss of Rs 1101

Grasim Ltd is a 'BUY' call with a target of Rs 3600 and a stop loss of Rs 3455

Bharat Forge Ltd is a 'BUY' call with a target of Rs 950 and a stop loss of Rs 904

Hindalco Ltd is a 'SELL' call with a target of Rs 140 and a stop loss of Rs 154

Sandeep Wagle, Founder & CEO, Power My Wealth

Sun TV Ltd is a 'BUY' call with a target of Rs 390 and a stop loss of Rs 369

OBC Ltd is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 314

Voltas Ltd is a 'SELL' call with a target of Rs 225 and a stop loss of Rs 240

Prakash Gaba, CFT, prakashgaba.com

India Cements Ltd is a 'BUY' call with a target of Rs 86 and a stop loss of Rs 80

Axis Bank Ltd is a 'SELL' call with a target of Rs 488 and a stop loss of Rs 497

ONGC is a 'SELL' call with a target of Rs 340 and a stop loss of Rs 354

Gaurav Ratnaparkhi, Technical Analyst, Sharekhan

L&T Ltd is a 'BUY' call with a target of Rs 1570 and a stop loss of Rs 1468

Reliance Power Ltd is a 'BUY' call with a target of Rs 63.50 and a stop loss of Rs 59

Unitech Ltd is a 'BUY' call with a target of Rs 18 and a stop loss of Rs 15.20

Ankit Chaudhary, Senior Tech Analyst, Analyse India

Bharti Airtel Ltd is a 'BUY' call with a target of Rs 380 and a stop loss of Rs 335

FDC Ltd is a 'BUY' call with a target of Rs 175 and a stop loss of Rs 155

Suprajit Engineering Ltd is a 'BUY' call with a target of Rs 155 and a stop loss of Rs 127

(Views and recommendations expressed in this section are the analysts' own a nd do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)