Top ten intraday trading ideas for afternoon trade for Friday, 16 December 2016

NEW DELHI: The Nifty50 index continued to trade below 8,150-mark in noon trade on Friday on account of selling in frontline bluechip counters. Among the 50 components in Nifty index, 33 were trading in red with Hindalco falling the most 3.41 per cent, followed by Aurobindo Pharma (down 3.07 per cent), ONGC (down 1.94 per cent), Tata Power (down 1.60 per cent) and Adani Ports (down 1.50 per cent). On the other hand, Tata Motors, ZEEL, Infosys, Bharti Infratel and HDFC were up by 1.78 per cent, 1.59 per cent, 1.09 per cent, 1.08 per cent and 1.02 per cent, respectively.

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

Amit Harchekar of A PLUS Analytics

JSW Steel is a 'Sell' call with a target of Rs 1580 and a stop loss of Rs 1660
Canara Bank is a 'Sell' call with a target of Rs 285 and a stop loss of Rs 315
Havells is a 'Buy' call with a target of Rs 356 and a stop loss of Rs 325

Mandar Jamsandekar, Precision Technical Analysis
Biocon is a 'Buy' call with a target of Rs 995 and a stop loss of Rs 945
IGL is a 'Buy' call with a target of Rs 969 and a stop loss of Rs 885

Shrikant Chouhan of Kotak Securities
NCC is a 'Buy' call with a target of Rs 90 and a stop loss of Rs 81
Hindustan Oil Exploration is a 'Buy' call with a target of Rs 74 and a stop loss of Rs 64
RBL Bank is a 'Buy' call with a target of Rs 370 and a stop loss of Rs 340
BEL is a 'Buy' call with a target of Rs 1525 and a stop loss of Rs 1400

Reliance Securities
Power Grid is a 'Sell' call with a target of Rs 180 and a stop loss of Rs 187