'BUY' OR 'SELL' ideas by experts for Monday, February 06

NEW DELHI: Indian markets are expected to trade higher on Monday tracking strong gains on Wall Street last week on robust jobs data.

Indian markets have gained almost 16% in last seven weeks backed by strong rally in global markets.

The National Stock Exchange's Nifty continued its winning streak for fifth straight session on Friday and closed above its important psychological level on the back of buying interest from foreign institutional investors.

“The rally in Nifty continues unabated as FII inflows are pushing stocks higher. The rally has been supported by strong delivery based volumes and in no time the index has moved higher to test the first resistance level of 5320,” said Vinit Pagaria, VP – Investment Strategies, Microsec Capital Ltd.

“It looks poised to move higher up to 5400 in the short term as a result of short covering. A move beyond 5400 is likely to take it higher to 5550,” added Vinit.

“Looking at short term view for our markets 5200 is a key level to watch out on the downside while on the upside 5400 is very crucial level for Nifty and 18000 for Sensex,” said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.

Important results to watch out for:

Adani Ports & Special economic Zone Ltd, Adani Power Ltd, BGR Energy Systems Ltd, Dena Bank, Dhampur Sugars Mills Ltd, GlaxoSmithKline Consumer Healthcare Ltd, Hindustan Unilever Ltd, India Cements Ltd, Jubilant Life Sciences Ltd, MOIL Ltd, National Aluminium Company Ltd, NCC Ltd, Spicejet Ltd, Trent Ltd and Texmaco Ltd

Click here for Views & Recommendations

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

Ashwani Gujral of ashwanigujral. com

Anant Raj Industries Ltd is a ‘BUY’ call with a target of Rs 77 and a stop loss of Rs 63

Hathway Cable & Datacom Ltd is a ‘BUY’ call with a target of Rs 156 and a stop loss of Rs 139

PTC Ltd is a ‘BUY’ call with a target of Rs 62 and a stop loss of Rs 49

Jindal South West Holdings Ltd is a ‘BUY’ call with a target of Rs 675 and a stop loss of Rs 625

Deccan Chronicle Holdings Ltd is a ‘BUY’ call with a target of Rs 53 and a stop loss of Rs 44

CSEC Ltd is a ‘BUY’ call with a target of Rs 297 and a stop loss of Rs 258

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Biocon Ltd is a ‘BUY’ call with a target of Rs 295 and a stop loss of Rs 275

DLF Ltd is a ‘BUY’ call with a target of Rs 242 and a stop loss of Rs 224

Eros International Media Ltd is a ‘BUY’ call with a target of Rs 232 and a stop loss of Rs 212.50

Uflex Ltd is a ‘BUY’ call with a target of Rs 153 and a stop loss of Rs 138

Deccan Chronicle Holdings Ltd is a ‘BUY’ call with a target of Rs 54 and a stop loss of Rs 445

Deepak Mohoni, Director, trendwatchindia.com

Tata Motors Ltd is a 'BUY' call with a target of Rs 252 and a stop loss of Rs 243

Jindal Polly Films Ltd is a 'BUY' call with a target of Rs 225 and a stop loss of Rs 217

State Bank of India is a 'BUY' call with a target of Rs 2152 and a stop loss of Rs 2080

(The views and recommendations expressed in this section are the analysts own and do not represent those of EconomicTimes.com)