'BUY' or 'SELL' ideas from experts for Wednesday

MUMBAI: The Indian markets are set to extend overnight gains on the back of positive sentiment across the global peers on hopes of stimulus package from the US Federal Reserve and ahead of Germany’s ruling on ESM.

“The trend deciding level for the day is 17,799 / 5,372 levels. If the indices trade above these levels during the first half-an-hour of trade then we may witness a further rally up to 17,921 – 17,990 / 5,412 – 5,433 levels. However, if they trade below 17,799 / 5,372 for the first half-an-hour of trade then it may correct up to 17,731 – 17,609 / 5,350 – 5,311 levels,” said Angel Broking note.

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

Ashwani Gujral, Fund Manager, Ashwanigujral.com

Buy HDFC with a stop loss of Rs 750 for a target of Rs 778

Buy Balrampur Chini with a stop loss of Rs 66 for a target of Rs 78

Buy Bata India with a stop loss of Rs 910 for a target of Rs 935

Buy Hexaware Technologies with a stop loss of Rs 132 for a target of Rs 147

Buy TCS with a stop loss of Rs 1,365 for a target of Rs 1440

Buy Century Textiles with a stop loss of Rs 340 for a target of Rs 362

Mitesh Thacker, Technical Analyst, miteshthacker.com

Buy BATA India above Rs 925.50 with a stop loss of Rs 904.50 for a target of Rs 965

Buy Renuka Sugar with a stop loss of Rs 32.75 for a target of Rs 35

Buy Bank of Baroda with a stop loss of Rs 634.50 for a target of Rs 670

Sell Sterlite Industries with a stop loss of Rs 97 for a target of Rs 88

Buy Geodesic in the range of Rs 47 - 45 with stop loss below Rs 41 for a target of Rs 55

Sandeep Wagle, Founder, aptartindia.com

Buy Siemens with stop loss of Rs 685.50 for a target of Rs 735

Buy Rolta India with stop loss of Rs 71.10 for target of Rs 81

Buy Cadila Healthcare with stop loss of Rs 925 for target Rs 980

Buy Fresenius Kabi Onco with stop loss of Rs 92.50 for target of Rs 108

Sell Karnataka Bank with stop loss of Rs 82 for a target of Rs 72

Deepak Mohoni, Director, trendwatchindia.com

Buy Biocon with stop loss of Rs 271 for a target of Rs 288

Buy Jubilant Foodworks with stop loss of Rs 1,220 for a target of Rs 1286.

Buy MindTree with stop loss of Rs 708 for target of Rs 751.