Sensex pares gain ahead of X-mas holiday; top 20 trading ideas

NEW DELHI: The S&P BSE Sensex pared most of the morning gains and turned negative on Tuesday ahead of Christmas Day holiday on Wednesday, led by losses in HDFC Bank, Sesa Sterlite and Wipro.

According to analysts, the trade is likely to remain choppy in the near term as institutional investors will be away on vacation ahead of the New Year.

The 50-share Nifty index which scaled above 6300 levels earlier in trade also pared most of its gains and was trading near 6280 levels.

At 11:40 a.m.; the 50-share index was at 6285.60, up 1 point or 0.02 per cent. It touched a high of 6,301.50 and a low of 6,278.15 in early trade today.

The S&P BSE Sensex was trading at 21,094.43, down 6.7 points or 0.03 per cent. It touched a high of 21,156.92 and a low of 21,073.09 in trade today.

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

Ashwani Gujral of ashwanigujral.com

Century Textiles Ltd is a ‘BUY’ call with a target of Rs 285 and a stop loss of Rs 269

Ranbaxy Laboratories Ltd is a ‘BUY’ call with a target of Rs 490 and a stop loss of Rs 459

ACC Ltd is a ‘BUY’ call with a target of Rs 1175 and a stop loss of Rs 1100

Lupin Ltd is a ‘BUY’ call with a target of Rs 945 and a stop loss of Rs 910

Mitesh Thacker of miteshthacker.com

ACC Ltd is a ‘BUY’ call with a target of Rs 1160 and a stop loss of Rs 1109

HDFC Ltd is a ‘SELL’ call with a target of Rs 760 and a stop loss of Rs 792

Ranbaxy Laboratories Ltd is a ‘BUY’ call with a target of Rs 480 and a stop loss of Rs 458

Aban Offshore Ltd is a ‘BUY’ call with a target of Rs 385 and a stop loss of Rs 350

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Century Textiles Ltd is a ‘BUY’ call with a target of Rs 288 and a stop loss of Rs 272

Tata Communications Ltd is a ‘BUY’ call with a target of Rs 312 and a stop loss of Rs 297

Tata Motors DVR is a ‘SELL’ call with a target of Rs 188 and a stop loss of Rs 195.50

Prakash Gaba, CFT, prakashgaba.com

ACC Ltd is a ‘BUY’ call with a target of Rs 1160 and a stop loss of Rs 1100

Ambuja Cements Ltd is a ‘BUY’ call with a target of Rs 190 and a stop loss of Rs 180

ITC Ltd is a ‘BUY’ call with a target of Rs 330 and a stop loss of Rs 315

A K Prabhakar, Independent Market Expert

L&T Ltd is a ‘BUY’ call with a target of Rs 1185 and a stop loss of Rs 1030

Canara Bank is a ‘BUY’ call with a target of Rs 314 and a stop loss of Rs 263

Adani Enterprises Ltd is a ‘BUY’ call with a target of Rs 300 and a stop loss of Rs 261

Ashish Maheshwari, Director, Globe capital market

VIP Industries Ltd is a ‘BUY’ call with a target of Rs 75 and a stop loss of Rs 59

GE Shipping Ltd is a ‘BUY’ call with a target of Rs 360 and a stop loss of Rs 290

Cairn India Ltd is a ‘BUY’ call with a target of Rs 360 and a stop loss of Rs 315

(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.)