'BUY' OR 'SELL' ideas by experts for today's trade

NEW DELHI: The 50-share Nifty index faces resistance at 5,150 levels and has strong support close to 5,050 levels and then at 4,980 levels.

"All eyes are set on the RBI which is expected to hike interest rates by another 25 bps and that is largely reckoned in. If RBI however decides not to raise rates in this policy review, markets may rally as easing global worries and prospects of rates topping out will cause equities to head north," said Kunal Saraogi, CEO, Equityrush

Equityrush Recommendations

Traders need to be on the long side of the market and refrain from selling into the rising trend and hoping for a correction. Markets can rally sharply on Friday as shorts will be forced to cover.

DLF Ltd is a 'BUY' call with a stop loss below Rs 203 and a target of Rs 220

PFC is a 'BUY' call with a stop loss below Rs 150 and a target of Rs 170

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

Mitesh Thacker of miteshthacker. com

Bhushan Steel Ltd is a 'BUY' call with a target price of Rs 363 and a stop loss of Rs 341

Patni Computer Systems Ltd is a 'BUY' call with a target price of Rs 315 and a stop loss of Rs 284

South Indian Bank is a 'BUY' call with a target price of Rs 23.50 and a stop loss of Rs 21.70

Colgate Palmolive India Ltd is a 'BUY' call with a target price of Rs 1040 and a stop loss of Rs 978

SREI Infrastructure Finance Ltd is a 'SELL' call with a target price of Rs 33 and a stop loss of Rs 37.25

Brokerage Call:

Macquarie initiates 'SELL' on Maruti Suzuki Ltd with a target price of Rs 1020

RBS recommends 'BUY' on ITC Ltd with a target price of Rs 240

JPMorgan recommends 'HOLD' on Petronet LNG with a target price of Rs 190

JPMorgan recommends 'HOLD' on Gujarat Gas Company Ltd with a target price of Rs 460

JPMorgan recommends 'SELL' on IGL Ltd with a target price of Rs 410

Espirito Santo recommends 'BUY' on OBC with a target price of Rs 434

Vijay Bhambwani, CEO, BSPLindia.com

Allahabad Bank is a 'BUY' call with a target of Rs 169 and a stop loss of Rs 165

Ashok Leyland Ltd is a 'BUY' call with a target of Rs 28 and a stop loss of Rs 26.25

Tata Motors Ltd is a 'BUY' call with a target of Rs 157 and a stop loss of Rs 148

TCS Ltd is a 'BUY' call with a target of Rs 1052 and a stop loss of Rs 1034