Smart recovery on D-Street; Nifty near 7,850; top 20 trading ideas

NEW DELHI: The Indian markets made a smart recovery in noon trade after plunging more than 200 points in early deals.

At 1:54 pm, the Sensex was at 26,368.50; up 71.12 points.

The Nifty was at 7,878.90; up 18.95 points.
Recovery was seen on the back of buying witnessed by the IT heavyweight stocks like Infosys and TCS.

Infosys was the top gainer among the Sensex stocks it gained 2.1 per cent and was trading at Rs 3,971. It also touched its fresh 52-week high of Rs 3,973.75 in trades today. TCS was also among the gainers it gained 1.3 per cent and was at Rs 2,712.

On the other hand, Mahindra & Mahindra, Cupla, Dr Reddy's Labs and Bharti Airtel ware the top losers on the Sensex.

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

Ashwani Gujral of ashwanigujral.com

Axis Bank Ltd is a 'BUY' call with a target of Rs 396 and a stop loss of Rs 375

Voltas Ltd is a 'BUY' call with a target of Rs 236 and a stop loss of Rs 220

Canara Bank is a 'BUY' call with a target of Rs 382 and a stop loss of Rs 365

Reliance Industries Ltd is a 'SELL' call with a target of Rs 935 and a stop loss of Rs 958

Mitesh Thacker of miteshthacker.com

Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 2925 and a stop loss of Rs 2842

M&M Ltd is a 'SELL' call with a target of Rs 1245 and a stop loss of Rs 1315

ACC Ltd is a 'SELL' call with a target of Rs 1340 and a stop loss of Rs 1397

CESC Ltd is a 'SELL' call with a target of Rs 680 and a stop loss of Rs 730

Sandeep Wagle, Founder & CEO, Power My Wealth

UltraTech Cements Ltd is a 'SELL' call with a target of Rs 2350 and a stop loss of Rs 2487

Colgate Palmolive India Ltd is a 'BUY' call with a target of Rs 1764 and a stop loss of Rs 1680

Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 2960 and a stop loss of Rs 2841

Prakash Gaba, CFT, prakashgaba.com

Delta Corp Ltd is a 'BUY' call with a target of Rs 97 and a stop loss of Rs 92

JSW Energy Ltd is a 'BUY' call with a target of Rs 77 and a stop loss of Rs 72

Lupin Ltd is a 'BUY' call with a target of Rs 1375 and a stop loss of Rs 1328

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

Infosys Ltd is a 'BUY' call with a target of Rs 4040 and a stop loss of Rs 3860

ICICI Bank Ltd is a 'SELL' call with a target of Rs 1380 and a stop loss of Rs 1500

Wockhardt Ltd is a 'BUY' call with a target of Rs 900 and a stop loss of Rs 740

Kunal Saraogi, CEO, www.equityrush.com

Motherson Sumi Ltd is a 'BUY' call with a target of Rs 382 and a stop loss of Rs 361

IOC Ltd is a 'BUY' call with a target of Rs 390 and a stop loss of Rs 366

IDFC Ltd is a 'SELL' call with a target of Rs 133 and a stop loss of Rs 140

(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.)