Top eight intraday trading ideas for afternoon trade for Wednesday, 23 November 2016

NEW DELHI: The Nifty50 index continued to trade above 8,000-mark in the late morning trade following global cues. In the 50-share index, Hindalco, ZEEL, Bajaj Auto, Maruti Suzuki, UltraTech Cement were up between 3 per cent and 6.23 per cent. On the other hand, BHEL, Larsen & Toubro, GAIL, NTPC and Dr Reddy’s Labs were down between 0.29 per cent and 3.38 per cent.

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

Rahul Randeria, technical analyst, IFCI Financial Services
Motherson Sumi is a 'Buy' call with a target of Rs 312 and a stop loss of Rs 278
Bharat Financial is a 'Buy' call with a target of Rs 735 and a stop loss of Rs 679

Mandar B Jamsandekar, Director, Precision Technical Analysis
Hindalco is a 'Buy' call with a target of Rs 200 and a stop loss of Rs 155
Lupin is a 'Buy' call with a target of Rs 1,500 and a stop loss of Rs 1420
Tata Steel is a 'Buy' call with a target of Rs 390 and a stop loss of Rs 384

Tejas Shah, senior technical analyst, Edelweiss
Adani Ports is a 'Buy' call with a target of Rs 280 and a stop loss of Rs 251
Tata Communications is a 'Buy' call with a target of Rs 666 and a stop loss of Rs 607
Oil India is a 'Buy' call with a target of Rs 450 and a stop loss of Rs 409

(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)