'BUY' OR 'SELL' ideas by experts for Thursday, Oct 20th

NEW DELHI: Indian markets are expected to be under pressure on Thursday tracking weak global cues. However, experts believe that markets are likely to edge higher and build upon the strong momentum from the previous session.

"The 50-share Nifty index might break past its very critical resistance of 5,150 and may rally straight to 5,250 levels ahead of the F&O expiry early next week," said Kunal Saraogi, CEO, Equityrush.

"Traders need to be on the long side and look to remain invested as the Nifty is likely to surprise on the upside. Traders need to be wary of selling short on the Nifty till it breaks 5050 levels on the downside," added Kunal.

Equityrush Recommendations:

DLF is a 'BUY' call with a stop loss below Rs 233 and a target of Rs 250

Arvind Ltd is a 'BUY' call with a stop loss below Rs 105 and a target of Rs 113

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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

Idea Cellular Ltd is a 'SELL' idea with a target of Rs 87 and a stop loss of Rs 97

Mundra Port and SEZ Ltd is a 'SELL' idea with a target of Rs 140 and a stop loss of Rs 155

United Spirits Ltd is a 'BUY' idea with a target of Rs 930 and a stop loss of Rs 875

Aban Offshore Ltd is a 'BUY' idea with a target of Rs 440 and a stop loss of Rs 395

Moser Baer Ltd is a 'BUY' idea with a target of Rs 27.25 and a stop loss of Rs 22.50

Brokerage Calls:

Stock call on HDFC Bank

Goldman Sachs maintains 'SELL' with a price target of Rs 520

JPMorgan maintains 'BUY' with a price target of Rs 560

Credit Suisse maintains 'BUY' with a target price of Rs 548

Stock calls on Crompton Greaves Ltd:

JPMorgan maintains 'SELL' with a target price of Rs 125

Nomura maintains 'BUY' with a target price of Rs 240