'BUY' or 'SELL' ideas from experts for Thursday, August 16

NEW DELHI: Indian shares are expected to trade higher on Thursday tracking positive global cues.

"The Nifty is now expected to head higher till 5420 with support around 5335 in the short term. The key supports in the immediate run will be around 5335 and resistance will be at 5420," Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan, said.

"The Nifty has taken support around the 40-hourly moving average (HMA) and the upward sloping trend line, ie around 5309. It is expected to move up till 5450 in the short term," he added.

Mehta is of the view that in the medium term, the index has started forming higher tops and higher bottoms on the daily, weekly and monthly charts, and is expected to achieve the equality target of the previous rally, which is close to 5630.

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

Ashwani Gujral of ashwanigujral.com

HCL Technologies Ltd is a 'BUY' call with a target of Rs 580 and a stop loss of Rs 537

Zee Entertainment Ltd is a 'BUY' call with a target of Rs 180 and a stop loss of Rs 169

Grasim Industries Ltd is a 'BUY' call with a target of Rs 3200 and a stop loss of Rs 2950

Adani Ports Ltd is a 'BUY' call with a target of Rs 138 and a stop loss of Rs 123

Hindustan Unilever Ltd is a 'BUY' call with a target of Rs 510 and a stop loss of Rs 488

ICICI Bank Ltd is a 'BUY' call with a target of Rs 1000 and a stop loss of Rs 955

Mitesh Thacker of miteshthacker.com

Axis Bank Ltd is a 'BUY' call with a target of Rs 1175 and a stop loss of Rs 1080

DLF Ltd is a 'BUY' call with a target of Rs 235 and a stop loss of Rs 212

IDFC Ltd is a 'BUY' call with a target of Rs 143 and a stop loss of Rs 133.50

PTC India Ltd is a 'SELL' call with a target of Rs 56 and a stop loss of Rs 60.50

Volatas Ltd is a 'BUY' call with a target of Rs 117 and a stop loss of Rs 109

Sandeep Wagle, founder & MD, APTART Technical Advisory Services

Reliance Industries Ltd is a 'BUY' call with a target of Rs 835 and a stop loss of Rs 787

Exide Industries Ltd is a 'BUY' call with a target of Rs 137 and a stop loss of Rs 131

Arvind Ltd is a 'BUY' call with a target of Rs 75.50 and a stop loss of Rs 70

Axis Bank Ltd is a 'BUY' call with a target of Rs 1150 and a stop loss of Rs 1089

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