Sensex slips over 300 points: What traders should 'buy' or 'sell'

NEW DELHI: NEW DELHI: The S&P BSE Sensex extended intraday losses and slipped over 300 points from Friday’s closing of 19,727.27, ahead of the current account deficit ( CAD) data which will be out post market hours today. Tracking the momentum, 50-share Nifty index is now trading closer to its key psychological support level of 5750.

According to ET Now Poll estimates, India’s CAD for 1Q FY14 is likely to be at $23 billion vs $18.1 billion, Q-o-Q. According to analysts, weak rupee and GDP growth contraction are likely to impact CAD.

At 01:00 p.m.; the 30-share index was at 19,425.76, down 301.20 points or 1.28 per cent. It touched a high of 19,651.31 and a low of 19,423.14 in trade today.

The Nifty was at 5,746.45, down 87.75 points or 1.5 per cent. The index touched intraday high of 5,810.20 and a low of 5,744.45.



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

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

ITC Ltd is a ‘SELL’ call with a target of Rs 336 and a stop loss of Rs 348

Reliance Power Ltd is a ‘SELL’ call with a target of Rs 63 and a stop loss of Rs 71

Lupin Ltd is a ‘BUY’ call with a target of Rs 897 and a stop loss of Rs 857

Dabur Ltd is a ‘BUY’ call with a target of Rs 178 and a stop loss of Rs 171

Mitesh Thacker of miteshthacker.com

Canara Bank is a ‘SELL’ call with a target of Rs 204 and a stop loss of Rs 226

CNX IT Index is a ‘BUY’ call with a target of 8450 and a stop loss of 8160

IDBI Ltd is a ‘SELL’ call with a target of Rs 54 and a stop loss of Rs 60.50

UCO Bank Ltd is a ‘SELL’ call with a target of Rs 53 and a stop loss of Rs 60

Siddhartha Chatterjee, Trustline Securities

Bata India Ltd is a ‘BUY’ call with a target of Rs 867 and a stop loss of Rs 854

Aurobindo Pharma Ltd is a ‘BUY’ call with a target of Rs 210 and a stop loss of Rs 201

Elder Pharma Ltd is a ‘BUY’ call with a target of Rs 342 and a stop loss of Rs 332

Gaurav Ratnaparkhi, Technical Analyst, Sharekhan

HDFC Ltd is a ‘SELL’ call with a target of Rs 740 and a stop loss of Rs 792

Bank of Baroda Ltd is a ‘SELL’ call with a target of Rs 465 and a stop loss of Rs 501

NTPC Ltd is a ‘SELL’ call with a target of Rs 138 and a stop loss of Rs 149

Parag Doctor, Head- Trading Strategies, LKP Securities

BHEL is a ‘SELL’ call with a target of Rs 127 and a stop loss of Rs 142

LIC Housing Finance Ltd is a ‘SELL’ call with a target of Rs 180 and a stop loss of Rs 194

Aurobindo Pharma Ltd is a ‘BUY’ call with a target of Rs 215 and a stop loss of Rs 197

Kunal Saraogi, CEO at Equityrush.com

Lupin Ltd is a ‘BUY’ call with a target of Rs 890 and a stop loss of Rs 856

IoB is a ‘SELL’ call with a target of Rs 42.50 and a stop loss of Rs 45.30

IFCI Ltd is a ‘SELL’ call with a target of Rs 21 and a stop loss of Rs 22.30

(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.)