‘BUY’ or ‘SELL’ ideas from experts for Monday, September 03

NEW DELHI: Indian shares are expected to trade higher on Monday after a government-appointed panel headed by economist Parthasarathi Shome recommended that the General Anti-Avoidance Rules ( GAAR) should be implemented only from 2016-17.

Markets are expected to take the development positively on postponement of the controversial tax provision by three years.

“While the panel suggested GAAR be implemented from 2016-2017, many in the market feel these tax measures may be allowed to die a natural death as India relies on foreign money to fund its current account deficit, which reached 4.2 per cent of GDP for the year ended March 31, 2012, the highest since 1991,” ET reported.

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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

Oracle Financial Services Ltd is a ‘BUY’ call with a target of Rs 3050 and a stop loss of Rs 2920

Financial Technologies Ltd is a ‘BUY’ call with a target of Rs 900 and a stop loss of Rs 815

GMR Infrastructure Ltd is a ‘SELL’ call with a target of Rs 14 and a stop loss of Rs 20

Jain Irrigations Ltd is a ‘SELL’ call with a target of Rs 55 and a stop loss of Rs 68

Indian Bank is a ‘SELL’ call with a target of Rs 145 and a stop loss of Rs 159

Hero MotoCorp Ltd is a ‘SELL’ call with a target of Rs 1680 and a stop loss of Rs 1800

Mitesh Thacker of miteshthacker.com

Cipla Ltd is a ‘BUY’ call with a target of Rs 395 and a stop loss of Rs 368

Axis Bank Ltd is a ‘SELL’ call with a target of Rs 950 and a stop loss of Rs 1015.50

Divi’s Laboratories Ltd is a ‘SELL’ call with a target of Rs 1090 and a stop loss of Rs 1161

HDFC Ltd is a ‘BUY’ call with a target of Rs 765 and a stop loss of Rs 724

Kotak Mahindra Bank Ltd is a ‘SELL’ call with a target of Rs 545 and a stop loss of Rs 582

Sandeep Wagle, founder & MD, APTART Technical Advisory Services

Advanta India Ltd is a ‘BUY’ call with a target of Rs 587 and a stop loss of Rs 551

Biocon India Ltd is a ‘BUY’ call with a target of Rs 280 and a stop loss of Rs 257

Financial Technologies Ltd is a ‘BUY’ call with a target of Rs 864 and a stop loss of Rs 824

Aditya Birla Nuvo Ltd is a ‘SELL’ call with a target of Rs 715and a stop loss of Rs 760


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