‘BUY’ or ‘SELL’ ideas from experts for Tuesday, August 21

NEW DELHI: Indian shares are expected to trade lower on Tuesday tracking weak Asian markets. However, for the week the market is likely to consolidate in a truncated week amid lack of major triggers in the near-term.

“The Index has been sustaining above its cluster of moving averages throughout the week. Going forward, the immediate resistance is placed near its swing high of 5,400 followed by 78.60 per cent retracement, placed around 5,440 levels (starting from the highs of 5,630 to the lows of 4,770),” Mitesh Thacker of miteshthacker.com, said.

“On the downside the index has immediate support in the range of 5,338 –5,300 levels followed by 5,260 levels,” he said.

Thacker is of the view that if the index started trading below 5,260 levels, it can fill up the rising gap placed in the range of 5,260 – 5,220 which was witnessed on 3rd Aug. 2012.

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

Ashwani Gujral of ashwanigujral.com

Tata Motors DVR is a ‘BUY’ call with a target of Rs 150 and a stop loss of Rs 132

Shriram Transport Finance Company Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 585

Polaris Financial Technology Ltd is a ‘BUY’ call with a target of Rs 130 and a stop loss of Rs 118

Sobha Developers Ltd is a ‘SELL’ call with a target of Rs 320 and a stop loss of Rs 342

JSW Steel Ltd is a ‘SELL’ call with a target of Rs 685 and a stop loss of Rs 735

Exide Industries Ltd is a ‘SELL’ call with a target of Rs 120 and a stop loss of Rs 133

Mitesh Thacker of miteshthacker.com

Bata India Ltd is a ‘SELL’ call with a target of Rs 850 and a stop loss of Rs 907.50

Escorts Ltd is a ‘BUY’ call with a target of Rs 69 and a stop loss of Rs 62

Polaris Financial Technology Ltd is a ‘BUY’ call with a target of Rs 133 and a stop loss of Rs 117.50

Shree Renuka Sugars Ltd is a ‘BUY’ call with a target of Rs 35.25 and a stop loss of Rs 33

PTC India Ltd is a ‘SELL’ call with a target of Rs 55 and a stop loss of Rs 59.75

Sandeep Wagle, founder & MD, APTART Technical Advisory Services

Escorts Ltd is a ‘BUY’ call with a target of Rs 72 and a stop loss of Rs 61.50

Polaris Financial Technology Ltd is a ‘BUY’ call with a target of Rs 131 and a stop loss of Rs 119

Balaji Telefilms Ltd is a ‘BUY’ call with a target of Rs 50 and a stop loss of Rs 41

JSW Steel Ltd is a ‘SELL’ call with a target of Rs 678 and a stop loss of Rs 738

Jain Irrigations Ltd is a ‘SELL’ call with a target of Rs 69 and a stop loss of Rs 78

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