'BUY' OR 'SELL' ideas by experts for Friday, November 18th

NEW DELHI: Indian markets are expected to trade lower on Friday tracking weak Asian markets. According to analysts, the 50-share Nifty index may test levels around 4700.

The BSE Sensex dropped 1.9 percent on Thursday to post its lowest close in six weeks. The benchmark index has lost 6.3 percent over the last six sessions, in their longest losing streak in more than three months.

"Nifty has been moving in downtrend since last one year. Now, the long term crucial support of Nifty is in the range of 4650 and 4700. If it breaks 4650, it may further go down and take support near 4400," said Ranajit Kumar Saha, Sr. Manager- Technical Research, Microsec Capital Ltd.

"However, in the extreme short term some pull back rally to 5200 is expected because of stochastic divergence on daily chart," said Ranajit.

"The 50-share Nifty index is now trading below the 4950-4960 mark. On the hourly charts what we have seen is that the volatility indicators have started to rise which means that we might get into more choppier days going ahead," added Mitesh Thacker of miteshthacker. com

"I would bet on probably 4,850 and then 4,750 being tested in the next few days on the Nifty," added Mitesh.

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

Mitesh Thacker of miteshthacker. com

HDFC Bank Ltd is a 'SELL' call with a target of Rs 443 and a stop loss of Rs 466

Hexaware Technologies Ltd is a 'SELL' call with a target of Rs 72 and a stop loss of Rs 85

Indraprastha Gas Ltd is a 'SELL' call with a target of Rs 367 and a stop loss of Rs 410

Tata Chemicals Ltd is a 'BUY' call with a target of Rs 348 and a stop loss of Rs 410