Top nine intraday trading ideas for afternoon trade for Wednesday, 21 December 2016

NEW DELHI: The Nifty50 index was trading above 8,090-mark in afternoon trade on Wednesday on account of some buying in frontline bluechip counters. Among the 50 components in Nifty index, 33 were trading in green with Bosch gaining most 1.74 per cent, followed by Mahindra & Mahindra (up 1.73 per cent), Hindalco (up 1.71 per cent), UltraTech Cement (up 1.25 per cent) and Idea Cellular (up 1.23 per cent). On the other hand, Bharti Infratel, Gail, Sun Pharma, ZEEL and ITC were down by 2.01 per cent, 1.21 per cent, 1.13 per cent, 1.08 per cent and 0.93 per cent, respectively.

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

Tejas Shah, Edelweiss Financial Services

ICICI Bank is a 'Buy' call with a target of Rs 267 and a stop loss of Rs 244
IGL is a 'Buy' call with a target of Rs 950 and a stop loss of Rs 875
Dr Reddy’s Labs is a 'Sell' call with a target of Rs 2950 and a stop loss of Rs 3105
Amara Raja Batteries is a 'Sell' call with a target of Rs 840 and a stop loss of Rs 900

Kunal Bothra, independent market analyst
Fortis Healthcare is a 'Buy' call with a target of Rs 198 and a stop loss of Rs 183
Moil is a 'Buy' call with a target of Rs 388 and a stop loss of Rs 350
BEML is a 'Buy' call with a target of Rs 1000 and a stop loss of Rs 890

Microsec Capital
Dabur is a 'Buy' call with a target of Rs 285 and a stop loss of Rs 264
IGL is a 'Sell' call with a target of Rs 872 and a stop loss of Rs 916

(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)