'BUY' OR 'SELL' ideas by experts for Thursday, February 09

NEW DELHI: The 50-share Nifty index is expected to trade lower on Friday tracking weak Asian markets as sentiment grew cautious after Greek political leaders said talks would continue today to resolve remaining issues.

The Nifty pulled back from day’s lows in the last half-an hour of the trading session and closed in the positive terrain on Wednesday led by gains in realty, metal stocks.

Indian markets are becoming extremely volatile and are struggling to sustain levels above 5400 on the Nifty and 17800 for the Sensex since last three days.

“This range bound volatility could be considered as pause after a rally of more than 12%. If Sensex trades below 17575 and Nifty below 5320 we can expect markets to fall further down to 17,400 and 5,250,” said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.

“Last three days volatility indicated that if the Nifty manage to cross 5415 we may see a very sharp rally towards 5475 or even more and on flip side a fall below 5250 will start much awaited correction,” added Rakesh.

"The Nifty continued to show strength on every decline, largely aided by strong FII inflows. FIIs have invested 18,000 crore so far in the current year, pushing up the index by over 15%. It is necessary that FII inflows should sustain as there is always a risk of short-term money flowing out, if investors become risk-averse," said Neeraj Agarwal, Derivatives Analyst Emkay Global Financial Services in an ET report.

"Ample liquidity inflow into the markets is helping the momentum to sustain. The 200-day DMA for Nifty is placed at around the 5180-5200 levels. As long as the Nifty sustains above 5200 levels, one can continue to hold long positions," added Neeraj.

Important results to watch out for:

Adani Enterprises Ltd, Alfa Laval Ltd, Apollo Tyres Ltd, C&C Construction Ltd, Gammon India Ltd, GTL Ltd, GTL Infrastructure Ltd, Hindalco Industries Ltd, HPCL Ltd, JK Tyre & Industries Ltd, Jyoti Ltd, Network 18 Media & Investment Ltd, Page Industries Ltd, Rajesh Exports Ltd, Ruchi Infrastructure Ltd and Tata Steel 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

Reliance Capital Ltd is a ‘BUY’ call with a target of Rs 430 and a stop loss of Rs 390

BF Utilities Ltd is a ‘BUY’ call with a target of Rs 450 and a stop loss of Rs 420

Reliance Infrastructure Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 575

Polaris Financial Technology Ltd is a ‘BUY’ call with a target of Rs 170 and a stop loss of Rs 155

BGR Energy Systems Ltd is a ‘BUY’ call with a target of Rs 265 and a stop loss of Rs 240

Mitesh Thacker of miteshthacker. com

Dr Reddy’s Laboratories Ltd is a ‘SELL’ call with a target of Rs 1570 and a stop loss of Rs 1646

Indiabulls Real Estate Ltd is a ‘BUY’ call with a target of Rs 82 and a stop loss of Rs 68

Adani Power Ltd is a ‘SELL’ call with a target of Rs 66.50 and a stop loss of Rs 76

GAIL India Ltd is a ‘BUY’ call with a target of Rs 407 and a stop loss of Rs 384

Bank of India is a ‘BUY’ call with a target of Rs 395 and a stop loss of Rs 354

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

VIP Industries Ltd is a ‘BUY’ call with a target of Rs 125 and a stop loss of Rs 114

Bank of India is a ‘BUY’ call with a target of Rs 405 and a stop loss of Rs 354

Clutch Auto Ltd is a ‘BUY’ call with a target of Rs 39 and a stop loss of Rs 31

Orchid Chemical & Pharmaceuticals Ltd is a ‘SELL’ call with a target of Rs 162 and a stop loss of Rs 180

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