Top 17 trading ideas from ET Now experts for today
The market is in a downswing and factors like weak monsoon and RBI policy, along with global cues, will drive the next series, analysts say.
By ET Online | Updated:
NEW DELHI: The 50-share Nifty index extended losses on Wednesday and breached the support of 5,100 levels on the back of weak cues from Asian peers.
According to analysts, the market is in a downswing and factors like weak monsoon, RBI policy and reforms along with global cues will drive the market in next series.
“On an average for the year we may have a range-bound market, which means we are not going to run up too much and it is not really going to fall down too much. So, investors have to play within that range,” Jyotivardhan Jaipuria, HoR, BofAML Capital, said.
"Going forward, some companies are likly to disappoint and some may surprise. We may still see some earnings downgrades going forward because a lot of people have built in a second half recovery into the numbers which may or may not happen,” added Jaipuria.
At 11:35 am, the 50-share Nifty Index was at 5,084.70, down 43.40 points or 0.8 per cent. It touched a high of 5,121.60 and a low of 5,076.60 today.
The Sensex was at 16,767.99, down 150.60 points or 0.9 per cent. It touched a high of 16,899.01 and a low of 16,736.60 today.
ET Now spoke to various experts for their top 17 ideas for today.
Ashwani Gujral of ashwanigujral.com
Tata Coffe Ltd is a ‘SELL’ call with a target of Rs 880 and a stop loss of Rs 938
JSPL is a ‘SELL’ call with a target of Rs 385 and a stop loss of Rs 410
Wockhardt Ltd is a ‘BUY’ call with a target of Rs 1040 and a stop loss of Rs 935
Lupin Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 565
Mitesh Thacker of miteshthacker.com
ACC Ltd is a ‘BUY’ call with a target of Rs 1300 and a stop loss of Rs 1267
Ambuja Cements Ltd is a ‘BUY’ call with a target of Rs 176 and a stop loss of Rs 169.80
Alstom India Ltd is a ‘SELL’ call with a target of Rs 356 and a stop loss of Rs 385
Educomp Solutions Ltd is a ‘SELL’ call with a target of Rs 155 and a stop loss of Rs 167
Rajat Bose, rajatkbose.com
Nifty July Futures is a 'Sell' call with a stop above 5112 and a target 5071, 5063 and 5053.
Axis Bank Ltd is a 'Sell' call with a stop above Rs 1036 and a target of Rs 1012
ACC Ltd is a 'Buy' call with a stop below Rs 1273 and a target of Rs 1291
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
JSW Steel Ltd is a 'SELL' call with a target of Rs 636 and a stop loss of Rs 665
Ambuja Cements Ltd is a 'SELL' call with a target of Rs 178 and a stop loss of Rs 169
Coal India Ltd is a 'SELL' call with a target of Rs 340 and a stop loss of Rs 354
Prakash Gaba, CFT, prakashgaba.com
Ambuja Cements Ltd is a 'BUY' call with a target of Rs 176 and a stop loss of Rs 169
JSW Steel Ltd is a 'SELL' call with a target of Rs 635 and a stop loss of Rs 665
L&T Ltd is a 'SELL' call with a target of Rs 1310 and a stop loss of Rs 1350
(The views and recommendations expressed in this section are the analysts’ own and do not represent those of EconomicTimes.com)
According to analysts, the market is in a downswing and factors like weak monsoon, RBI policy and reforms along with global cues will drive the market in next series.
“On an average for the year we may have a range-bound market, which means we are not going to run up too much and it is not really going to fall down too much. So, investors have to play within that range,” Jyotivardhan Jaipuria, HoR, BofAML Capital, said.
"Going forward, some companies are likly to disappoint and some may surprise. We may still see some earnings downgrades going forward because a lot of people have built in a second half recovery into the numbers which may or may not happen,” added Jaipuria.
At 11:35 am, the 50-share Nifty Index was at 5,084.70, down 43.40 points or 0.8 per cent. It touched a high of 5,121.60 and a low of 5,076.60 today.
The Sensex was at 16,767.99, down 150.60 points or 0.9 per cent. It touched a high of 16,899.01 and a low of 16,736.60 today.
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ET Now spoke to various experts for their top 17 ideas for today.
Ashwani Gujral of ashwanigujral.com
Tata Coffe Ltd is a ‘SELL’ call with a target of Rs 880 and a stop loss of Rs 938
JSPL is a ‘SELL’ call with a target of Rs 385 and a stop loss of Rs 410
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Wockhardt Ltd is a ‘BUY’ call with a target of Rs 1040 and a stop loss of Rs 935
Lupin Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 565
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Mitesh Thacker of miteshthacker.com
ACC Ltd is a ‘BUY’ call with a target of Rs 1300 and a stop loss of Rs 1267
Ambuja Cements Ltd is a ‘BUY’ call with a target of Rs 176 and a stop loss of Rs 169.80
Alstom India Ltd is a ‘SELL’ call with a target of Rs 356 and a stop loss of Rs 385
Educomp Solutions Ltd is a ‘SELL’ call with a target of Rs 155 and a stop loss of Rs 167
Rajat Bose, rajatkbose.com
Nifty July Futures is a 'Sell' call with a stop above 5112 and a target 5071, 5063 and 5053.
Axis Bank Ltd is a 'Sell' call with a stop above Rs 1036 and a target of Rs 1012
ACC Ltd is a 'Buy' call with a stop below Rs 1273 and a target of Rs 1291
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
JSW Steel Ltd is a 'SELL' call with a target of Rs 636 and a stop loss of Rs 665
Ambuja Cements Ltd is a 'SELL' call with a target of Rs 178 and a stop loss of Rs 169
Coal India Ltd is a 'SELL' call with a target of Rs 340 and a stop loss of Rs 354
Prakash Gaba, CFT, prakashgaba.com
Ambuja Cements Ltd is a 'BUY' call with a target of Rs 176 and a stop loss of Rs 169
JSW Steel Ltd is a 'SELL' call with a target of Rs 635 and a stop loss of Rs 665
L&T Ltd is a 'SELL' call with a target of Rs 1310 and a stop loss of Rs 1350
(The views and recommendations expressed in this section are the analysts’ own and do not represent those of EconomicTimes.com)
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