'BUY' or 'SELL' ideas from experts for Tuesday, August 28

NEW DELHI: Indian shares are expected to move in a range with a negative bias on Tuesday tracking weak Asian markets.

"The Nifty index showed selling pressure for 2nd consecutive day and closed in red on Monday. Selling pressure may be continuing below 5,350 levels. If Nifty holds 5,350 levels then some recovery may also be seen," Puneet Kinra, senior technical analyst at Bonanza Portfolio Ltd, said.

"For Daily purpose, trend deciding level is 5,350. If Nifty shows strength above 5350 levels, then rally to 5400/5450 may be seen. However, if the Nifty does not show strength above 5350 levels then profit booking till 5300/5250 may also be seen," added Kinra.

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

Ashwani Gujral of ashwanigujral.com

M&M Ltd is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 760

Sun Pharma Ltd is a 'BUY' call with a target of Rs 690 and a stop loss of Rs 660

Kotak Mahindra Bank Ltd is a 'SELL' call with a target of Rs 558 and a stop loss of Rs 585

BF Utilities Ltd is a 'SELL' call with a target of Rs 395 and a stop loss of Rs 430

REC Ltd is a 'SELL' call with a target of Rs 186 and a stop loss of Rs 205

HOEC Ltd is a 'SELL' call with a target of Rs 110 and a stop loss of Rs 125

Mitesh Thacker of miteshthacker.com

Alstom Projects Ltd is a 'BUY' call with a target of Rs 420 and a stop loss of Rs 388.50

HCC Ltd is a 'SELL' call with a target of Rs 14 and a stop loss of Rs 16.60

UCO Bank Ltd is a 'SELL' call with a target of Rs 59 and a stop loss of Rs 69.75

ICICI Bank Ltd is a 'SELL' call with a target of Rs 906 and a stop loss of Rs 952

M&M Ltd is a 'BUY' call with a target of Rs 805 and a stop loss of Rs 754

Sandeep Wagle, founder & MD, APTART Technical Advisory Services

Jindal Steel Ltd is a 'SELL' call with a target of Rs 351 and a stop loss of Rs 392

Punjab National Bank is a 'SELL' call with a target of Rs 648 and a stop loss of Rs 698

Century Textiles Ltd is a 'SELL' call with a target of Rs 298 and a stop loss of Rs 318

Dishman Pharma Ltd is a 'BUY' call with a target of Rs 111 and a stop loss of Rs 97.50

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