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

NEW DELHI: Indian shares were trading lower in choppy trade on Wednesday, mirroring Asian peers, as investors refrained from taking fresh bets amid an uncertain global economic environment.

According to most market analysts markets are expected to be volatile ahead of August expiry tomorrow.

"Indian markets are likely to trade close to 4,980 levels on Nifty in early trade, however expiry pressures and extensive writing in 5,000 calls will prevent the current pullback from taking the markets too high from the present levels", said Kunal Saraogi, CEO, Equityrush.

"Nifty is likely to face stiff selling pressure at 4,980 levels and has robust support at 4900. We expect range bound trade on Wednesday", added 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

Aditya Birla Nuvo Ltd is a 'BUY' call with a target of Rs 900 and a stop loss of Rs 860

Fortis Healthcare Ltd is a 'SELL' call with a target of Rs 135 and a stop loss of Rs 151

Jain Irrigation Systems Ltd is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 174


Sudarshan Sukhani of Technical Trends

Lupin Ltd is a 'BUY' call with a target of Rs 475 and a stop loss of Rs 435.00

Bata Ltd is a 'BUY' call with a target of Rs 760 and a stop loss of Rs 710.00

Power Finance Corporation Ltd is a 'SELL' call with a target of Rs 130 and a stop loss of Rs 152

Brokerage Call:

RBS recommends 'HOLD' on HCL Infosystems Ltd with a price target of Rs 74.00

Ambit Capital recommends 'SELL' on UltraTech Cement Ltd with a price target of Rs 967.00

HSBC recommends 'BUY' on HCL Technologies Ltd with a price target of Rs 490.00