'BUY' or 'SELL' ideas from experts for Friday, June 08

NEW DELHI: Indian shares are expected to trade in a range with a negative bias on Friday, tracking weakness in Asian markets.

Rakesh Gandhi, Senior Technical Analyst at LKP Securities Ltd, is of the view that the Nifty may find it difficult to sustain levels above 5,050 but closing the week above 4,970 will be a positive for Indian markets.

“If the Nifty does not show strength above 5,050 levels, selling pressure until 4,980/4,920/4,890 levels may also be seen,” Puneet Kinra, Senior Technical Analyst at Bonanza Portfolio Ltd, said.

The Nifty rose for a fourth consecutive session on Thursday supported by a rally in global markets. The index continued to show strength throughout the day and closed above 5,000 levels. It is also trading above the 20-EMA of 4,947.

“The Nifty is trading very close to its 200-day average, which is placed at 5,064. In the next couple of days, we should be able to get past this level and head towards 5,180,” Mitesh Thacker of miteshthacker. com.

“The bias is clearly on the positive side and once the Nifty starts trading above 5,070-5,075 levels, the index will head higher,” Thacker added.
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

S Kumar Ltd is a 'BUY' call with a target of Rs 40 and a stop loss of Rs 33

Delta Corp Ltd is a 'BUY' call with a target of Rs 75 and a stop loss of Rs 63

Reliance Capital Ltd is a 'BUY' call with a target of Rs 355 and a stop loss of Rs 328

HOEC Ltd is a 'BUY' call with a target of Rs 125 and a stop loss of Rs 99

DLF Ltd is a 'BUY' call with a target of Rs 207 and a stop loss of Rs 189

Bhushan Steel Ltd is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 445

Mid-morning calls:

Bharat Electronics Ltd is a 'BUY' call with a target of Rs 1,400 and a stop loss of Rs 1,250

Jain Irrigation Ltd is a 'BUY' call with a target of Rs 85 and a stop loss of Rs 73

Hindustan Unilever Ltd is a 'BUY' call with a target of Rs 438 and a stop loss of Rs 420

Exide Industries Ltd is a 'BUY' call with a target of Rs 138 and a stop loss of Rs 126

Hexaware Technologies Ltd is a 'BUY' call with a target of Rs 135 and a stop loss of Rs 123

Mitesh Thacker of miteshthacker. com

Bajaj Hindustan Ltd is a 'BUY' call with a target of Rs 29 and a stop loss of Rs 25

Bharat Forge Ltd is a 'SELL' call with a target of Rs 292 and a stop loss of Rs 312

Delta Corp Ltd is a ‘BUY’ call with a target of Rs 72 and a stop loss of Rs 63.75

DLF Ltd is a 'BUY' call with a target of Rs 205 and a stop loss of Rs 188

HDIL Ltd is a 'BUY' call with a target of Rs 75 and a stop loss of Rs 64.70

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Delta Corp Ltd is a 'BUY' call with a target of Rs 72 and a stop loss of Rs 64

Reliance Capital Ltd is a 'BUY' call with a target of Rs 358 and a stop loss of Rs 327

Polaris Financial Technologies Ltd is a 'BUY' call with a target of Rs 126 and a stop loss of Rs 110

Axis Bank Ltd is a 'BUY' call with a target of Rs 1,093 and a stop loss of Rs 1,040

TTK Prestige Ltd is a 'BUY' call with a target of Rs 3,160 and a stop loss of Rs 2,900

(The views and recommendations expressed in this section are the analysts' and do not represent those of EconomicTimes.com)