Markets rangebound: What traders should 'buy' or 'sell'

NEW DELHI: The S&P BSE Sensex was trading in a narrow range on Friday tracking subdued trend seen in other Asian markets and as bulls chose to stay away from large cap stocks after the recent rally.

Gains in technology, FMCG and banks were offset by losses in capital goods, realty and auto sectors.

According to analysts, the bulls seem to have exhausted after the rally that began in August. The Nifty has been facing stiff resistance after it scaled past the 6,200 level. There are chances that the Nifty may slip to support levels of 5,950-5,900 before its next upmove.

At 11:30 a.m.; the 50-share index was at 6,154.80, down 10 points or 0.16 per cent. The index touched a high of 6,161.95 and a low of 6,133.85 in trade today.

The S&P BSE Sensex was at 20,714.02, down 11 points or 0.05 per cent. It touched a high of 20,738.76 and an intraday low of 20,645 in trade so far.

ET Now spoke to various experts for their top 20 ideas for today:

Ashwani Gujral of ashwanigujral.com

Idea Cellular Ltd is a ‘SELL’ call with a target of Rs 162 and a stop loss of Rs 176

Tata Global Beverages Ltd is a ‘BUY’ call with a target of Rs 175 and a stop loss of Rs 163

McLeod Russel Ltd is a ‘BUY’ call with a target of Rs 286 and a stop loss of Rs 272

ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 1060 and a stop loss of Rs 1010

Mitesh Thacker of miteshthacker.com

Colgate Palmolive India Ltd is a ‘BUY’ call with a target of Rs 1335 and a stop loss of Rs 1283

Aurobindo Pharma Ltd is a ‘BUY’ call with a target of Rs 230 and a stop loss of Rs 213

BHEL is a ‘SELL’ call with a target of Rs 128 and a stop loss of Rs 142

DRL Ltd is a ‘SELL’ call with a target of Rs 2300 and a stop loss of Rs 2400

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Dabur India Ltd is a ‘BUY’ call with a target of Rs 186 and a stop loss of Rs 176.50

Sun Pharma Ltd is a ‘SELL’ call with a target of Rs 597 and a stop loss of Rs 615

Idea Cellular Ltd is a ‘SELL’ call with a target of Rs 163 and a stop loss of Rs 175

Prakash Gaba, CFT, prakashgaba.com

Tata Global Beverages Ltd is a ‘BUY’ call with a target of Rs 175 and a stop loss of Rs 165

BHEL is a ‘SELL’ call with a target of Rs 130 and a stop loss of Rs 140

Lupin Ltd is a ‘SELL’ call with a target of Rs 870 and a stop loss of Rs 903

Parag Doctor, Head- Trading Strategies, LKP Securities

Tata Global Beverages Ltd is a ‘BUY’ call with a target of Rs 174 and a stop loss of Rs 164

Dabur India Ltd is a ‘BUY’ call with a target of Rs 185 and a stop loss of Rs 176

BHEL is a ‘SELL’ call with a target of Rs 130 and a stop loss of Rs 140

Abhishek Karande, CMT, Technical Analyst - Institution Research, SBICAP Securities

BHEL is a ‘SELL’ call with a target of Rs 122 and a stop loss of Rs 141.50

DLF Ltd is a ‘SELL’ call with a target of Rs 135 and a stop loss of Rs 161

Axis Bank Ltd is a ‘SELL’ call with a target of Rs 1050 and a stop loss of Rs 1230

(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)