Top eight intraday trading ideas for afternoon trade for Thursday, 2 February 2017

NEW DELHI: The NSE Nifty index was trading below the psychological level of 8,700 in the afternoon trade on Thursday on account of selling in selected bluechip counters.

Among the 51 components in Nifty index, 30 were trading in red with M&M falling the most 1.72 per cent, followed by Hindalco (down 1.33 per cent), Tata Motors DVR (down 1.19 per cent), Tata Motors (down 1.16 per cent) and Hero Moto (down 1.08 per cent).

On the other hand, ITC, NTPC, ONGC, SBI and ICICI Bank were trading lower by 1.74 per cent, 0.91 per cent, 0.72 per cent, 0.66 per cent and 0.53 per cent, respectively.

ETMarkets.com has collated a list of trading ideas from various experts and here's what they had recommended:

Mandar Jamsandekar, Precision Technical Analysis
JK Cement is a 'Buy' call with a target of Rs 820 and a stop loss of Rs 740
Sudarshan Chem is a 'Buy' call with a target of Rs 420 and a stop loss of Rs 340
Tata Comm is a 'Buy' call with a target of Rs 775 and a stop loss of Rs 750

Gaurav Ratnaparkhi Of Sharekhan
Indiabulls Housing Finance is a 'Buy' call with a target of Rs 817 and a stop loss of Rs 772
Jubilant Food is a 'Buy' call with a target of Rs 955 and a stop loss of Rs 898
Berger Paints is a 'Buy' call with a target of Rs 234 and a stop loss of Rs 215

Reliance Securities
Bata India is a 'Sell' call with a target of Rs 475 and a stop loss of Rs 502
NTPC is a 'Buy' call with a target of Rs 178 and a stop loss of Rs 168

(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned)