Top intraday trading ideas for afternoon trade for Monday, 15 October 2018

NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 11:30 am on Monday on macroeconomic worries.

The IIP slipped to a three-month low in August and retail inflation rose marginally in September.

Also, weak Asian peers, rupee's fall, an uptick in global crude oil prices and caution ahead of September earnings weighed on market sentiment.


The NSE Nifty index was trading 51 points down at 10,422, while the BSE Sensex was down 152 points at 34,582 at 11:30 am.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today’s afternoon trade:

Manas Jaiswal of manasjaiswal.com
Lupin is a 'Buy' call with a target price of Rs 910 and a stop loss of Rs 850.

Hindustan Unilever is a 'Sell' call with a target price of Rs 1,450 and a stop loss of Rs 1,540.

MRF is a 'Sell' call with a target price of Rs 60,000 and a stop loss of Rs 63,500.

Chandan Taparia, head - quantitative research, Motilal Oswal Securities
ICICI Bank is a 'Buy' call with a target price of Rs 399 and a stop loss of Rs 309.

Reliance Industries is a 'Buy' call with a target price of Rs 1,177 and a stop loss of Rs 1,100.

(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.)