'BUY' OR 'SELL' ideas by experts for Wednesday, December 28

NEW DELHI: Indian shares are expected to trade weak on Wednesday tracking mixed Asian markets as most investors remained on the sidelines on account of new year holidays.

BSE Sensex fell nearly 100 points on Tuesday as traders booked profits after the benchmarks touched intermediate resistance levels. According to analysts, the lack of participation from institutional investors and December expiry this week is likely to keep the market rangebound in the near term.

"In absence of any positive cues markets moved with low volumes on Tuesday. However, markets were not able to sustain above 4800 on the Nifty and 16050 for the Sensex. But, the positive take away is that the Nifty recovered from low and managed to hold 4750," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.

"The risk of down trend will once again resurface once 4650 is broken while short term chart pattern indicates that in event of indices crossing 4830 on the Nifty and 16100 for the Sensex there will be sharp up move thereafter," added Rakesh.

Click here for Views & Recommendations

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

Ashwani Gujral of ashwanigujral. com

Dabur India Ltd is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 97

Cipla Ltd is a 'SELL' call with a target of Rs 305 and a stop loss of Rs 326

ACC Ltd is a 'BUY' call with a target of Rs 1230 and a stop loss of Rs 1150

India Oil Corporation Ltd is a 'SELL' call with a target of Rs 245 and a stop loss of Rs 270

Federal Bank Ltd is a 'SELL' call with a target of Rs 320 and a stop loss of Rs 345

Mitesh Thacker of miteshthacker. com

Divi's Laboratories Ltd is a 'BUY' call with a target of Rs 802 and a stop loss of Rs 754

IDFC Ltd is a 'SELL' call with a target of Rs 88 and a stop loss of Rs 100

Kotak Mahindra Bank Ltd is a 'SELL' call with a target of Rs 430 and a stop loss of Rs 462

Ambuja Cements Ltd is a 'BUY' call with a target of Rs 178 and a stop loss of Rs 159

Development Credit Bank Ltd is a 'SELL' call with a target of Rs 31 and a stop loss of Rs 36.25

Brokerage Calls:

Goldman Sachs maintains Federal Bank at 'BUY' with a target price of Rs 440

Deutsche Bank maintains Biocon Ltd at 'SELL' with a target price of Rs 255

Nomura maintains NTPC at 'BUY' with a target price of Rs 206

Nomura maintains Ranbaxy Laboratories Ltd at 'Reduce' with a target price of Rs 480

Macquarie maintains Bank of India at 'Underperform' with a target price of Rs 275

Macquarie maintains Glenmark Pharma at 'Outperform' with a target price of Rs 475

Macquarie maintains L&T Ltd at 'Outperform' with a target price of Rs 1728

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

ACC Ltd is a 'BUY' call with a target of Rs 1215 and a stop loss of Rs 1154.50

Bajaj Finserv Ltd is a 'BUY' call with a target of Rs 456 and a stop loss of Rs 424.50

Cipla Ltd is a 'SELL' call with a target of Rs 310 and a stop loss of Rs 328.40

LIC Housing Finance Ltd is a 'SELL' call with a target of Rs 214 and a stop loss of Rs 228.50