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

NEW DELHI: Indian markets opened marginally higher on Friday however, turned negative in early trade. Most analysts believe Nifty might correct over the next few sessions.

"The 50-share Nifty managed a close short of its resistance at 5,170 and is likely to find it tough to close above this very critical resistance area between 5,170 and 5,220," said Kunal Saraogi, CEO, Equityrush.

"The 50-share Nifty index might correct over the next few sessions but is unlikely to go below the 4,950 in a hurry," added Kunal.

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

Ashwani Gujral of ashwanigujral.com

Atul Ltd is a 'BUY' call with a target of Rs 260 and a stop loss of Rs 200

Chambal Fertilisers & Chemicals Ltd is a 'BUY' call with a target of Rs 130 and a stop loss of Rs 108

Jubilant FoodWorks Ltd is a 'SELL' call with a target of Rs 850 and a stop loss of Rs 960

Bata India Ltd is a 'SELL' call with a target of Rs 650 and a stop loss of Rs 705

Amtek Ltd is a 'BUY' call with a target of Rs 140 and a stop loss of Rs 110

Brokerage Call:

Goldman Sachs maintains 'HOLD' on Reliance Industries Ltd with a target price of Rs 1050

Morgan Stanley recommends 'BUY' on Tata Steel Ltd with a target price of Rs 603

RBS maintains 'SELL' rating on Gammon India Ltd however, slashed its target price to Rs 71

CLSA APAC Mkts maintains 'BUY' on ONGC with a target price of Rs 340

Mitesh Thacker of miteshthacker. com

Bharti Airtel Ltd is a 'SELL' call with a target of Rs 385 and a stop loss of Rs 406

Arvind Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 82.25

Hindustan Petroleum Corporation Ltd is a 'SELL' call with a target of Rs 353 and a stop loss of Rs 381