'BUY' OR 'SELL' ideas by experts for closing trade

NEW DELHI: Benchmarks were hovering near support levels as concerns of economic slow-down in the US hurt sentiments across global markets. Capital goods, auto and realty stocks were beaten down badly while FMCG and oil & gas space edged higher.

"The 50-share Nifty continues to trade below crucial levels and is likely to find support only at 5375 levels", says Kunal Saraogi, CEO, Equityrush. "Stocks across the board are likely to get hit led by key heavyweights like Reliance and SBI", adds Kunal.

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ET Now spoke to various analysts and here's what they have to recommend for closing trade:

Ashwani Gujral of ashwanigujral.com

JSW Steel Ltd is a 'SELL' call with a target of Rs 600 and a stop loss of Rs 750

Titan Industries Ltd is a 'BUY' call with a target of Rs 250 and a stop loss of Rs 205

Raymond Ltd is a 'SELL' call with a target of Rs 350 and a stop loss of Rs 390

Sudarshan Sukhani of Technical Trends

CESC Ltd is a 'BUY' call with a target of Rs 341 and a stop loss of Rs 328

Alstom Projects India Ltd is a 'BUY' call with a target of Rs 606 and a stop loss of Rs 575

Biocon Ltd is a 'SELL' call with a target of Rs 345 and a stop loss of Rs 358

Brokerage Call:

UBS initiates 'SELL' on Thermax with a price target of Rs 500.

Citi maintains 'BUY' on Everest Kanto Cylinder Ltd with a price target of Rs 120.00

RBC maintains 'BUY' on Power Finance Corporation Ltd with a price target of Rs 255

HSBC maintains 'NEUTRAL' on Suzlon Energy Ltd with a price target of Rs 60

JM Financial maintains 'BUY' on Sun TV Ltd with a price target of Rs 412

JPMorgan 'Downgrades' India to Neutral from overweight.

JPMorgan adds Bhart Airtel Ltd in Asia ex-Japan model portfolio 'BUY' list.