Nifty at 28-month high; top 19 trading ideas for raging markets

Sandeep Wagle is bullish on IDFC, Bata and Sun TV, while Ashwani Gujral has a buy call on HDFC, Federal Bank and Lupin.

NEW DELHI: The S&P BSE Sensex rallied over 400 points in intraday trade on Wednesday, while Nifty Index rose to its highest level last seen in January 2011, led by sharp rally in rate sensitive stocks.

At 12:00 p.m., the 30-share Sensex was at 20124.60, up 402 points or 2.04 per cent. It touched a high of 20,142.23 and a low of 19,798.18 in trade today.

The Nifty was at 6120.30, up 125 points or 2.03 per cent. It touched a record high of 6,125.50 and a low of 6,018.85 in trade today.

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

Ashwani Gujral of ashwanigujral.com

HDFC Ltd is a ‘BUY’ call with a target of Rs 930 and a stop loss of Rs 880
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Federal Bank Ltd is a ‘BUY’ call with a target of Rs 488 and a stop loss of Rs 460

Yes Bank Ltd is a ‘BUY’ call with a target of Rs 530 and a stop loss of Rs 507

Lupin Ltd is a ‘BUY’ call with a target of Rs 790 and a stop loss of Rs 756


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Sandeep Wagle, founder & MD, APTART Technical Advisory Services

IDFC Ltd is a ‘BUY’ call with a target of Rs 162 and a stop loss of Rs 154
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Bata India Ltd is a ‘BUY’ call with a target of Rs 840 and a stop loss of Rs 810

Sun TV Ltd is a ‘BUY’ call with a target of Rs 442 and a stop loss of Rs 427



Prakash Gaba, CFT, prakashgaba.com

BoB is a ‘BUY’ call with a target of Rs 740 and a stop loss of Rs 700

RIL Ltd is a ‘BUY’ call with a target of Rs 828 and a stop loss of Rs 802

Yes Bank Ltd is a ‘BUY’ call with a target of Rs 535 and a stop loss of Rs 508
 


Ashish Chaturmohta, Head Technical & Derivatives Desk Research, Fortune Equity Brokers

ONGC is a ‘BUY’ call with a target of Rs 355 and a stop loss of Rs 327

IB Real Estate is a ‘BUY’ call with a target of Rs 84 and a stop loss of Rs 75

Yes Bank Ltd is a ‘BUY’ call with a target of Rs 530 and a stop loss of Rs 508


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Hemen Kapadia - Director Research, Fairwealth Securities

LIC Housing Finance Ltd is a ‘BUY’ call with a target of Rs 258 and a stop loss of Rs 248

OBC is a ‘BUY’ call with a target of Rs 276 and a stop loss of Rs 264

BoB is a ‘BUY’ call with a target of Rs 720 and a stop loss of Rs 705
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Somil Mehta, Sr. Technical Analyst at Sharekhan
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SAIL is a ‘BUY’ call with a target of Rs 68 and a stop loss of Rs 61

Union Bank is a ‘BUY’ call with a target of Rs 260 and a stop loss of Rs 227

Century Textiles Ltd is a ‘BUY’ call with a target of Rs 340 and a stop loss of Rs 305

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