'BUY' or 'SELL' ideas from experts for Thursday, July 05
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 in a range with a downward bias on Thursday, tracking weak Asian peers as investors await policy action from the European Central Bank.
The Nifty ended a lackluster session on a positive note above 5,300, its highest closing since 19 April, Wednesday.
The benchmarks have run out of steam after a sharp rally last week and are consolidating in a narrow range, while the broader markets are catching up.
The market is likely to pick up momentum and move higher in the medium term. Investors should start investing in phases at current levels, according to analysts.
"The Nifty is now expected to head higher till 5,350 with support around 5,288 in the short term. In the immediate run, resistance will be faced at 5,320," Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan, said.
"The Nifty has been consolidating since the last three days with support around the 20-hour moving average (HMA) and is expected to move up till 5,350 levels," he 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
Sterlite Industries Ltd is a 'BUY' call with a target of Rs 119 and a stop loss of Rs 107
Volatas Ltd is a 'BUY' call with a target of Rs 124 and a stop loss of Rs 111
Indian Bank is a 'BUY' call with a target of Rs 196 and a stop loss of Rs 184
Sesa Goa Ltd is a 'BUY' call with a target of Rs 215 and a stop loss of Rs 197
Mitesh Thacker of miteshthacker.com
McLeod Russel Ltd is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 298
Apollo Tyres Ltd is a 'SELL' call with a target of Rs 72 and a stop loss of Rs 78.60
Bharti Airtel Ltd is a 'BUY' call with a target of Rs 344 and a stop loss of Rs 316.50
Opto Circuits Ltd is a 'BUY' call with a target of Rs 171 and a stop loss of Rs 154
Hindustan Zinc Ltd is a 'BUY' call with a target of Rs 133 and a stop loss of Rs 121.50
Vijay Bhambwani, author and CEO, BSPLindia.com
Reliance Infrastructure Ltd is a 'BUY' call with a target of Rs 580 and a stop loss of Rs 569
Reliance Power Ltd is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 106
(The views and recommendations expressed in this section are the analysts' and do not represent those of EconomicTimes.com)
The Nifty ended a lackluster session on a positive note above 5,300, its highest closing since 19 April, Wednesday.
The benchmarks have run out of steam after a sharp rally last week and are consolidating in a narrow range, while the broader markets are catching up.
The market is likely to pick up momentum and move higher in the medium term. Investors should start investing in phases at current levels, according to analysts.
"The Nifty is now expected to head higher till 5,350 with support around 5,288 in the short term. In the immediate run, resistance will be faced at 5,320," Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan, said.
"The Nifty has been consolidating since the last three days with support around the 20-hour moving average (HMA) and is expected to move up till 5,350 levels," he added.
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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
Sterlite Industries Ltd is a 'BUY' call with a target of Rs 119 and a stop loss of Rs 107
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JP Associates Ltd is a 'BUY' call with a target of Rs 86 and a stop loss of Rs 74Volatas Ltd is a 'BUY' call with a target of Rs 124 and a stop loss of Rs 111
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JSW Steel Ltd is a 'BUY' call with a target of Rs 760 and a stop loss of Rs 710Indian Bank is a 'BUY' call with a target of Rs 196 and a stop loss of Rs 184
Sesa Goa Ltd is a 'BUY' call with a target of Rs 215 and a stop loss of Rs 197
Mitesh Thacker of miteshthacker.com
McLeod Russel Ltd is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 298
Apollo Tyres Ltd is a 'SELL' call with a target of Rs 72 and a stop loss of Rs 78.60
Bharti Airtel Ltd is a 'BUY' call with a target of Rs 344 and a stop loss of Rs 316.50
Opto Circuits Ltd is a 'BUY' call with a target of Rs 171 and a stop loss of Rs 154
Hindustan Zinc Ltd is a 'BUY' call with a target of Rs 133 and a stop loss of Rs 121.50
Vijay Bhambwani, author and CEO, BSPLindia.com
Reliance Infrastructure Ltd is a 'BUY' call with a target of Rs 580 and a stop loss of Rs 569
Reliance Power Ltd is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 106
(The views and recommendations expressed in this section are the analysts' and do not represent those of EconomicTimes.com)
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