'BUY' OR 'SELL' recommendations by Deepak Mohoni

NEW DELHI: Indian markets extended losing streak as concerns of global economic slow-down due to financial crisis in the US and Europe rattled global equities. All the sectoral indices were in the negative terrain.

According to analysts, the market is likely to correct further in near term and are advising to avoid buying at current levels.

"The 50-share Nifty continues to trade below crucial levels and is likely to find support only at 5375 levels", says Kunal Saraogi, CEO, Equityrush. "Stocks across the board are likely to get hit led by key heavyweights like Reliance and SBI", adds Kunal.

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

Deepak Mohoni, Director, trendwatchindia.com

Amrutanjan Health Care Ltd is a 'BUY' call with a target of Rs 933 and a stop loss of Rs 895

Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 1234 and a stop loss of Rs 1195

Oil India Ltd is a 'BUY' call with a target of Rs 1321 and a stop loss of Rs 1270

Shriram Transport Finance Company Ltd is a 'SELL' call with a target of Rs 587 and a stop loss of Rs 605

Ashwani Gujral of ashwanigujral.com

Cipla Ltd is a 'BUY' call with a target of Rs 324 and a stop loss of Rs 307

Godrej Industries Ltd is a 'BUY' call with a target of Rs 231 and a stop loss of Rs 217

Punj Lloyd Ltd is a 'SELL' call with a target of Rs 64.00 and a stop loss of Rs 68.50

HDFC Ltd is a 'SELL' call with a target of Rs 674 and a stop loss of Rs 692

Bharti Airtel Ltd is a 'SELL' call with a target of Rs 423 and a stop loss of Rs 435

Brokerage Call:

UBS initiates 'SELL' on Thermax with a price target of Rs 500.

Citi maintains 'BUY' on Everest Kanto Cylinder Ltd with a price target of Rs 120.00

RBC maintains 'BUY' on Power Finance Corporation Ltd with a price target of Rs 255

HSBC maintains 'NEUTRAL' on Suzlon Energy Ltd with a price target of Rs 60

JM Financial maintains 'BUY' on Sun TV Ltd with a price target of Rs 412

JPMorgan 'Downgrades' India to Neutral from overweight.

JPMorgan adds Bhart Airtel Ltd in Asia ex-Japan model portfolio 'BUY' list.

Sudarshan Sukhani of Technical Trends

Indraprastha Gas Ltd is a 'BUY' call with a target of Rs 460 and a stop loss of Rs 480

Gujarat Flurochemicals Ltd is a 'SELL' call with a target of Rs 400 and a stop loss of Rs 475

Cox & Kings Ltd is a 'BUY' call with a target of Rs 260 and a stop loss of Rs 195

IVRCL Ltd is a 'SELL' call with a target of Rs 48 and a stop loss of Rs 62

Bank of India Ltd is a 'SELL' call with a target of Rs 375 and a stop loss of Rs 390

Mitesh Thacker of miteshthacker.com

Sterlite Industries Ltd is a 'SELL' call with a target of Rs 140 and a stop loss of Rs 160.50

Aurobindo Pharma Ltd is a 'SELL' call with a target of Rs 150 and a stop loss of Rs 168.50

LIC Housing Finance Ltd is a 'SELL' call with a target of Rs 198 and a stop loss of Rs 210