'BUY' OR 'SELL' ideas by experts for today's trade
ET Now spoke to various experts and here's what they have to recommend for today's trade:
By ET Online | Updated:
NEW DELHI: The 50-share Nifty index faced some selling pressure above 5,000 levels in late trade on Tuesday.
The Nifty struggled to keep its head above this level and closed down marginally. However, experts believe if the Nifty manages to trade above 5030, we could see the index scalling upwards.
"We expect markets to remain volatile ahead of Infosys results. Traders can initiate long positions on the Nifty, if it manages to trade above 5030 levels and can sell the Nifty short if it fails to hold the 4965 levels intraday," said Kunal Saraogi, CEO, Equityrush.
"We expect Infosys to weaken further post its results as its daily charts show clear bearish divergences on key momentum indicators. Next major support for Infosys Ltd is at Rs 2,427 levels which can be a good target for those holding shorts," added Kunal.
Equityrush Recommendations:
Srei Infra is a 'BUY' call with a stop loss below Rs 33 and a target of Rs 36 and
Petronet LNG is a 'BUY' call with a stop loss below Rs 155 and a target of Rs 167
For more Views & Recommendations please click here
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral. com
Bharti Airtel Ltd is a 'BUY' call with a target of Rs 410 and a stop loss of Rs 360
Chambal Fertilisers & Chemicals Ltd is a 'BUY' call with a target of Rs 105 and a stop loss of Rs 90
Garden Silk Mills Ltd is a 'BUY' call with a target of Rs 84 and a stop loss of Rs 72
Aban Offshore Ltd is a 'BUY' call with a target of Rs 410 and a stop loss of Rs 375
Bajaj Auto Ltd is a 'BUY' call with a target of Rs 1645 and a stop loss of Rs 1540
Brokerage Calls:
JPMorgan initiates 'BUY' on the SBI with a target price of Rs 2400
Macquarie has upgraded Cairn India to 'Neutral' with a price target of Rs 260
UBS maintained 'BUY' on Reliance Industries Ltd with a target price of Rs 1150
HSBC maintained 'HOLD' on RIL with a target price of Rs 870
RBS recommended a 'SELL' on Areva T&D Ltd with a price target of Rs 190
JM Financial initiated a 'BUY' on Hindustan Zinc Ltd with a price target of Rs 136
The Nifty struggled to keep its head above this level and closed down marginally. However, experts believe if the Nifty manages to trade above 5030, we could see the index scalling upwards.
"We expect markets to remain volatile ahead of Infosys results. Traders can initiate long positions on the Nifty, if it manages to trade above 5030 levels and can sell the Nifty short if it fails to hold the 4965 levels intraday," said Kunal Saraogi, CEO, Equityrush.
"We expect Infosys to weaken further post its results as its daily charts show clear bearish divergences on key momentum indicators. Next major support for Infosys Ltd is at Rs 2,427 levels which can be a good target for those holding shorts," added Kunal.
Equityrush Recommendations:
Srei Infra is a 'BUY' call with a stop loss below Rs 33 and a target of Rs 36 and
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Petronet LNG is a 'BUY' call with a stop loss below Rs 155 and a target of Rs 167
For more Views & Recommendations please click here
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral. com
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Bharti Airtel Ltd is a 'BUY' call with a target of Rs 410 and a stop loss of Rs 360
Chambal Fertilisers & Chemicals Ltd is a 'BUY' call with a target of Rs 105 and a stop loss of Rs 90
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Garden Silk Mills Ltd is a 'BUY' call with a target of Rs 84 and a stop loss of Rs 72
Aban Offshore Ltd is a 'BUY' call with a target of Rs 410 and a stop loss of Rs 375
Bajaj Auto Ltd is a 'BUY' call with a target of Rs 1645 and a stop loss of Rs 1540
Brokerage Calls:
JPMorgan initiates 'BUY' on the SBI with a target price of Rs 2400
Macquarie has upgraded Cairn India to 'Neutral' with a price target of Rs 260
UBS maintained 'BUY' on Reliance Industries Ltd with a target price of Rs 1150
HSBC maintained 'HOLD' on RIL with a target price of Rs 870
RBS recommended a 'SELL' on Areva T&D Ltd with a price target of Rs 190
JM Financial initiated a 'BUY' on Hindustan Zinc Ltd with a price target of Rs 136
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