'BUY' OR 'SELL' ideas by experts for today's trade
Indian markets now face a two day sabbatical and that means the traders may be wary of holding on to longs added on Monday, hence we might see markets stalling at 4,950 levels on Tuesday.
By ET Online | Updated:
NEW DELHI: The initial bump up in prices looked more on account of short covering or a technical bounce-back, but the fact the gains sustained throughout the session showed value buying in Indian equities on Monday.
The key resistance levels for the Nifty index are 4,970, 5,050, 5,200, 5,330 and 5,400. On the downside, support levels are 4,800, 4,720 and 4,650", added Vinit Pagaria, Investment Strategies at Microsec Capital Limited.
"Markets now face a two day sabbatical and that means the traders may be wary of holding on to longs added on Monday, hence we might see markets stalling at 4,950 levels on Tuesday", said Kunal Saraogi, CEO, Equityrush.
"The 50-share Nifty index is unlikely to break its key technical resistance in a hurry. Should the markets come in for some serious profit booking, 4,880 will act as the immediate support. For the BSE Sensex the key technical levels are 16,500 and 16,880 on the way up and 16,156 on the way down", added Kunal.
Equityrush Recommendations:
Tata Steel Ltd is a 'BUY' call with a stop loss below Rs 435 and a target of Rs 477
3I Infotech is a 'BUY' call with a stop loss below Rs 26 and a target Rs 30
For more Views & Recommendations please click here
ET Now spoke to various analysts and here's what they have to recommend for today's trade
Sudarshan Sukhani of Technical Trends
Aptech Ltd is a 'BUY' call with a target of Rs 130 and a stop loss of Rs 118
BGR Energy Systems Ltd is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 301
Bharti Airtel Ltd is a 'BUY' call with a target of Rs 430 and a stop loss of Rs 398
Oriental Bank of Commerce is a 'BUY' call with a target of Rs 336 and a stop loss of Rs 300
Educomp Solutions Ltd is a 'SELL' call with a target of Rs 185 and a stop loss of Rs 206
Brokerage Call:
Nomura maintains 'BUY' on Cairn India Ltd with a price target of Rs 350
Nomura maintains 'BUY' on DLF Ltd with a price target of Rs 270
Kotak maintains 'BUY' on GCPL with a price target of Rs 510
Deutsche Bank maintains 'BUY' on REC with a price target of Rs 280
The key resistance levels for the Nifty index are 4,970, 5,050, 5,200, 5,330 and 5,400. On the downside, support levels are 4,800, 4,720 and 4,650", added Vinit Pagaria, Investment Strategies at Microsec Capital Limited.
"Markets now face a two day sabbatical and that means the traders may be wary of holding on to longs added on Monday, hence we might see markets stalling at 4,950 levels on Tuesday", said Kunal Saraogi, CEO, Equityrush.
"The 50-share Nifty index is unlikely to break its key technical resistance in a hurry. Should the markets come in for some serious profit booking, 4,880 will act as the immediate support. For the BSE Sensex the key technical levels are 16,500 and 16,880 on the way up and 16,156 on the way down", added Kunal.
Equityrush Recommendations:
Tata Steel Ltd is a 'BUY' call with a stop loss below Rs 435 and a target of Rs 477
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3I Infotech is a 'BUY' call with a stop loss below Rs 26 and a target Rs 30
For more Views & Recommendations please click here
ET Now spoke to various analysts and here's what they have to recommend for today's trade
Sudarshan Sukhani of Technical Trends
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Aptech Ltd is a 'BUY' call with a target of Rs 130 and a stop loss of Rs 118
BGR Energy Systems Ltd is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 301
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Bharti Airtel Ltd is a 'BUY' call with a target of Rs 430 and a stop loss of Rs 398
Oriental Bank of Commerce is a 'BUY' call with a target of Rs 336 and a stop loss of Rs 300
Educomp Solutions Ltd is a 'SELL' call with a target of Rs 185 and a stop loss of Rs 206
Brokerage Call:
Nomura maintains 'BUY' on Cairn India Ltd with a price target of Rs 350
Nomura maintains 'BUY' on DLF Ltd with a price target of Rs 270
Kotak maintains 'BUY' on GCPL with a price target of Rs 510
Deutsche Bank maintains 'BUY' on REC with a price target of Rs 280
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