'BUY' or 'SELL' ideas from experts for Friday, August 03
ET Now spoke to various experts and here's what they have to recommend for today's trade.
By ET Online | Updated:
NEW DELHI: Indian shares are expected to trade lower on Friday tracking weak global cues after European Central Bank chief Mario Draghi, failed to deliver immediate action which was required to defend euro.
Ashwani Gujral of ashwanigujral.com is of the view that the market looks weak and will break down if we start closing below 5200 on the Nifty.
"At higher levels, there is a lack of support for the market. However, till now we had Rs 800-900 crores of FII flows into our markets," he added.
"Those FII figures have actually halved from Wednesday and in case they stop buying, we would head further down from these levels," added Gujral.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
ITC Ltd is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 256
NTPC Ltd is a 'BUY' call with a target of Rs 173 and a stop loss of Rs 158
NMDC Ltd is a 'SELL' call with a target of Rs 170 and a stop loss of Rs 190
BF Utilities Ltd is a 'SELL' call with a target of Rs 390 and a stop loss of Rs 420
Abann Offshore Ltd is a 'SELL' call with a target of Rs 370 and a stop loss of Rs 397
Canara Bank is a 'SELL' call with a target of Rs 343 and a stop loss of Rs 372
Mitesh Thacker of miteshthacker.com
Axis Bank Ltd is a 'BUY' call with a target of Rs 1095 and a stop loss of Rs 1042
Coal India Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 353.50
Godrej Industries Ltd is a 'BUY' call with a target of Rs 274 and a stop loss of Rs 242
Karnataka Bank Ltd is a 'SELL' call with a target of Rs 87 and a stop loss of Rs 96.50
Bharti Airtel Ltd is a 'SELL' call with a target of Rs 287 and a stop loss of Rs 303.50
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
L&T Ltd is a 'BUY' call with a target of Rs 1440 and a stop loss of Rs 1354
Castrol India Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 568
City Union Bank Ltd is a 'BUY' call with a target of Rs 58 and a stop loss of Rs 52
Prakash Industries Ltd is a 'BUY' call with a target of Rs 69 and a stop loss of Rs 61
(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com)
Ashwani Gujral of ashwanigujral.com is of the view that the market looks weak and will break down if we start closing below 5200 on the Nifty.
"At higher levels, there is a lack of support for the market. However, till now we had Rs 800-900 crores of FII flows into our markets," he added.
"Those FII figures have actually halved from Wednesday and in case they stop buying, we would head further down from these levels," added Gujral.
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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ITC Ltd is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 256
NTPC Ltd is a 'BUY' call with a target of Rs 173 and a stop loss of Rs 158
NMDC Ltd is a 'SELL' call with a target of Rs 170 and a stop loss of Rs 190
BF Utilities Ltd is a 'SELL' call with a target of Rs 390 and a stop loss of Rs 420
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Abann Offshore Ltd is a 'SELL' call with a target of Rs 370 and a stop loss of Rs 397
Canara Bank is a 'SELL' call with a target of Rs 343 and a stop loss of Rs 372
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Mitesh Thacker of miteshthacker.com
Axis Bank Ltd is a 'BUY' call with a target of Rs 1095 and a stop loss of Rs 1042
Coal India Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 353.50
Godrej Industries Ltd is a 'BUY' call with a target of Rs 274 and a stop loss of Rs 242
Karnataka Bank Ltd is a 'SELL' call with a target of Rs 87 and a stop loss of Rs 96.50
Bharti Airtel Ltd is a 'SELL' call with a target of Rs 287 and a stop loss of Rs 303.50
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
L&T Ltd is a 'BUY' call with a target of Rs 1440 and a stop loss of Rs 1354
Castrol India Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 568
City Union Bank Ltd is a 'BUY' call with a target of Rs 58 and a stop loss of Rs 52
Prakash Industries Ltd is a 'BUY' call with a target of Rs 69 and a stop loss of Rs 61
(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com)
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