'BUY' OR 'SELL' ideas by experts for Thursday, December 29

NEW DELHI: Indian markets are expected to trade weak on Thursday tracking negative Asian markets. With December F&O expiry due today, most experts feel the benchmark indices could trade in a range with a negative bias.

"For the expiry day, the Nifty future has an immediate support at 4670 levels. If it fails to hold on to these levels, the selling pressure is likely to get intensified towards the 4600 levels," said Chetan Jain, derivative analyst, Anand Rathi Financial Services in an ET report.

"The immediate resistance for the Nifty comes around 4740 levels and a breach of these levels may witness a pullback rally towards 4800 levels," said Chetan

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

Ashwani Gujral of ashwanigujral. com

Allahabad Bank is a 'SELL' call with a target of Rs 105 and a stop loss of Rs 123

BF Utilities Ltd is a 'SELL' call with a target of Rs 265 and a stop loss of Rs 305

Sobha Developers Ltd is a 'SELL' call with a target of Rs 175 and a stop loss of Rs 200

Punjab National Bank is a 'SELL' call with a target of Rs 740 and a stop loss of Rs 790

Yes Bank is a 'SELL' call with a target of Rs 235 and a stop loss of Rs 246

Mitesh Thacker of miteshthacker. com

Adani Enterprises Ltd is a 'BUY' call with a target of Rs 345 and a stop loss of Rs 319

Bank of Baroda is a 'SELL' call with a target of Rs 620 and a stop loss of Rs 682

Crompton Greaves Ltd is a 'BUY' call with a target of Rs 137 and a stop loss of Rs 121.50

IFCI is a 'BUY' call with a target of Rs 28 and a stop loss of Rs 23.90

On Mobile is a 'BUY' call with a target of Rs 345 and a stop loss of Rs 319

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Apollo Hospitals Enterprises Ltd is a 'SELL' call with a target of Rs 530 and a stop loss of Rs 573

Amara Raja Batteries Ltd is a 'BUY' call with a target of Rs 212.50 and a stop loss of Rs 199.50

Brokerage Calls:

Goldman Sachs maintains Rolta India at 'Neutral' with a target price of Rs 80

Macquarie maintains ICICI Bank Ltd at 'Neutral' with a target price of Rs 920

Macquarie reiterates Here MotoCorp Ltd at 'Underperform' with a target price of Rs 1956

JP Morgan: Valuation of equities looks attractive at current levels