'BUY' OR 'SELL' ideas by experts for Wednesday, November 16th

NEW DELHI: Indian shares are expected to tread water on Wednesday and may even test lower levels tracking sluggish Asian markets.

"For Indian markets the bias is clearly on the short side. We are looking at a decisive break at 5,150 levels on the Nifty. On Tuesday, when levels of 5130-5120 were violated, we saw some strong selling emerged which signals that the short term momentum is clearly on the downside," said Mitesh Thacker of miteshjthacker. com.

"We will see selling to dominate Indian markets for next few days and 4,960 will be a level to watch out for. Broadly, 4960-4990 levels on the Nifty are the first support level and I hope we do not break below this important level. If it braches this critical level we could retest 4,800 on the Nifty," added Mitesh.

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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

Adani Enterprises Ltd is a 'SELL' call with a target of Rs 350 and a stop loss of Rs 440

Arvind Ltd is a 'SELL' call with a target of Rs 80 and a stop loss of Rs 97

BHEL is a 'SELL' call with a target of Rs 290 and a stop loss of Rs 320

Aban Offshore Ltd is a 'SELL' call with a target of Rs 360 and a stop loss of Rs 405

Raymond Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 375

Mundra Port & Special Economic Zone Ltd is a 'SELL' call with a target of Rs 130 and a stop loss of Rs 152

Brokerage Calls:

Stock Calls on Tech Mahindra

Deutsche Bank maintains 'BUY' with a target price of Rs 1000

HSBC maintains 'SELL' with a target price of Rs 580

Nomura maintains 'SELL' with a target price of Rs 580

Other Brokerage calls:

RBS maintains 'SELL' on Coal India Ltd with a target price of Rs 280

JPMorgan maintains 'SELL' on Coal India Ltd with a target price of Rs 325

Citi maintains 'BUY' on Coal India Ltd with a target price of Rs 380

Citi maintains 'BUY' on Bharti Airtel with a target price of Rs 452

Citi maintains Idea Cellular at 'BUY' with a target price of Rs 118

Citi maintains Reliance Communication at 'BUY' with a target price of Rs 117

Mitesh Thacker of miteshthacker. com

Tech Mahindra Ltd is a 'BUY' call with a target of Rs 650 and a stop loss of Rs 599

BHEL is a 'SELL' call with a target of Rs 290 and a stop loss of Rs 317.50

Delta Corp Ltd is a 'SELL' call with a target of Rs 79 and a stop loss of Rs 89.50

Coal India Ltd is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 309

Gujarat Fluorochemicals Ltd is a 'SELL' call with a target of Rs 440 and a stop loss of Rs 501