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

NEW DELHI: Indian markets are likely to be volatile post expiry as F&O data suggest that the Nifty may find resistance near 5200 levels.

"The markets would continue to remain volatile, and we could see some stock specific reactions more, as the Nifty continues to remain in the range of 4900 and 5100," Kunal Bothra, Senior Technical Analyst, Manager Advisory, LKP Securities.

"For today, the critical supports for Nifty are 4920 & 4950 and the resistance gets shifted to 5050 and 5080 levels. End-of-quarter repositioning will also influence market movement. Friday will be the last day of the third quarter," added Kunal.

"F&O data suggest that the Nifty may find resistance near 5200 levels, and on the downside 4900-4800 may provide a good support to market," said Puneet Kinra Senior Technical Analyst Bonanza Portfolio.

"Volatility may be seen in the 4800-5200 zone for next few days. The Nifty also has important support zone in 4940-4900 levels, and on upside, the Nifty has resistance in 5125-5200 zone," added Puneet.

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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

Ranbaxy Laboratories Ltd is a ‘BUY’ call with a target of Rs 520 and a stop loss of Rs 475

Hindustan Unilever Ltd is a ‘BUY’ call with a target of Rs 354 and a stop loss of Rs 337

Rolta India Ltd is a ‘SELL’ call with a target of Rs 75 and a stop loss of Rs 91

Bombay Dyeing Ltd is a ‘BUY’ call with a target of Rs 418 and a stop loss of Rs 360

VIP Industries Ltd is a ‘SELL’ call with a target of Rs 850 and a stop loss of Rs 935

Mitesh Thacker of miteshthacker. com

ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 963 and a stop loss of Rs 878

HCL Technologies Ltd is a ‘BUY’ call with a target of Rs 425 and a stop loss of Rs 402

BEML is a ‘SELL’ call with a target of Rs 439 and a stop loss of Rs 473

Divi’s Laboratories Ltd is a ‘BUY’ call with a target of Rs 780 and a stop loss of Rs 730

Sun Pharma Ltd is a ‘SELL’ call with a target of Rs 438 and a stop loss of Rs 472

Brokerage Call:

Citi upgrades Essar Oil Ltd to ‘BUY’ and raises its target price to Rs 120

Citi upgrades L&T to a ‘BUY’ but cuts its target price to Rs 1576 from Rs 1767 earlier.

Citi upgrades Educomp Solutions Ltd to ‘Hold’ with a target price of Rs 278

DB upgrades Exide Industries Ltd to ‘BUY’ on a sum-of-the-parts basis at Rs 150/share from Rs 160

UBS Initiates Coverage on Bajaj Electric with a Buy rating and Rs285.00 price target.

BofA-ML Initiates Coverage on Kotak Mahindra Bank with a Underperform rating and a price target of Rs 435.