Top 20 trading ideas from ET Now experts for Thursday, August 2
The markets are slipping steadily and a correction can be expected in the coming sessions. ET Now spoke to experts on their top trading ideas for today.
By ET Online | Updated:
NEW DELHI: The markets are slipping steadily on lack of buying support at higher levels.
Technical indicators are suggesting a bearish setup and a correction can be expected in the coming sessions, according to analysts.
"Global markets have been doing well but what has done better for India is that it is inherently a higher beta market," said Dr Tirthankar Patnaik, Director, Strategist-Institutional Research, Religare Capital Markets.
"India has differentiated itself in the global markets in terms of growth and valuations," Dr Patnaik added.
Widespread concerns over weak economic fundamentals and a decline in corporate profitability did not deter foreign institutional investors from pumping money into Indian equities in July.
"Breaking a three-month trend of continuous selling, overseas investors bought shares worth Rs 10,272 crore in July," ET reported.
Ashwani Gujral of ashwanigujral.com
M&M Ltd is a 'SELL' call with a target of Rs 670 and a stop loss of Rs 710
UCO Bank is a 'SELL' call with a target of Rs 62 and a stop loss of Rs 74
Tata Global Beverages Ltd is a 'BUY' call with a target of Rs 135 and a stop loss of Rs 124
Reliance Capital Ltd is a 'BUY' call with a target of Rs 365 and a stop loss of Rs 339
Ranbaxy Laboratories Ltd is a 'BUY' call with a target of Rs 524 and a stop loss of Rs 494
Adani Enterprises Ltd is a 'BUY' call with a target of Rs 196 and a stop loss of Rs 182
Coal India Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 350.50
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
NTPC Ltd is a 'BUY' call with a target of Rs 169 and a stop loss of Rs 157
Ranbaxy Laboratories Ltd is a 'BUY' call with a target of Rs 595 and a stop loss of Rs 496
M&M Ltd is a 'SELL' call with a target of Rs 681 and a stop loss of Rs 698.50
Prakash Gaba, CFT, prakashgaba.com
Infosys Ltd is a 'SELL' call with a target of Rs 2165 and a stop loss of Rs 2220
JSW Energy Ltd is a 'BUY' call with a target of Rs 53 and a stop loss of Rs 51
ONGC Ltd is a 'SELL' call with a target of Rs 270 and a stop loss of Rs 280
Rajat Bose, rajatkbose.com
Nifty Futures is a 'SELL' call with a target of Rs 5160 and a stop loss of Rs 5310
HDFC Bank Ltd is a 'SELL' call with a target of Rs 567 and a stop loss of Rs 593
Bajaj Hindustan Ltd is a 'BUY' call with a target of Rs 33.50 and a stop loss of Rs 31.65
Deepak Mohoni, Director, trendwatchindia.com
United Spirits Ltd is a 'BUY' call with a target of Rs 846 and a stop loss of Rs 797
DLF Ltd is a 'BUY' call with a target of Rs 218 and a stop loss of Rs 206
OBC is a 'SELL' call with a target of Rs 230 and a stop loss of Rs 240
(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com)
Technical indicators are suggesting a bearish setup and a correction can be expected in the coming sessions, according to analysts.
"Global markets have been doing well but what has done better for India is that it is inherently a higher beta market," said Dr Tirthankar Patnaik, Director, Strategist-Institutional Research, Religare Capital Markets.
"India has differentiated itself in the global markets in terms of growth and valuations," Dr Patnaik added.
Widespread concerns over weak economic fundamentals and a decline in corporate profitability did not deter foreign institutional investors from pumping money into Indian equities in July.
"Breaking a three-month trend of continuous selling, overseas investors bought shares worth Rs 10,272 crore in July," ET reported.
ADVERTISEMENT
ET Now spoke to various experts for their top 20 ideas for today.Ashwani Gujral of ashwanigujral.com
M&M Ltd is a 'SELL' call with a target of Rs 670 and a stop loss of Rs 710
UCO Bank is a 'SELL' call with a target of Rs 62 and a stop loss of Rs 74
ADVERTISEMENT
SBI Ltd is a 'SELL' call with a target of Rs 1950 and a stop loss of Rs 2040Tata Global Beverages Ltd is a 'BUY' call with a target of Rs 135 and a stop loss of Rs 124
ADVERTISEMENT
Mitesh Thacker of miteshthacker.comReliance Capital Ltd is a 'BUY' call with a target of Rs 365 and a stop loss of Rs 339
Ranbaxy Laboratories Ltd is a 'BUY' call with a target of Rs 524 and a stop loss of Rs 494
Adani Enterprises Ltd is a 'BUY' call with a target of Rs 196 and a stop loss of Rs 182
Coal India Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 350.50
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
NTPC Ltd is a 'BUY' call with a target of Rs 169 and a stop loss of Rs 157
Ranbaxy Laboratories Ltd is a 'BUY' call with a target of Rs 595 and a stop loss of Rs 496
M&M Ltd is a 'SELL' call with a target of Rs 681 and a stop loss of Rs 698.50
Prakash Gaba, CFT, prakashgaba.com
Infosys Ltd is a 'SELL' call with a target of Rs 2165 and a stop loss of Rs 2220
JSW Energy Ltd is a 'BUY' call with a target of Rs 53 and a stop loss of Rs 51
ONGC Ltd is a 'SELL' call with a target of Rs 270 and a stop loss of Rs 280
Rajat Bose, rajatkbose.com
Nifty Futures is a 'SELL' call with a target of Rs 5160 and a stop loss of Rs 5310
HDFC Bank Ltd is a 'SELL' call with a target of Rs 567 and a stop loss of Rs 593
Bajaj Hindustan Ltd is a 'BUY' call with a target of Rs 33.50 and a stop loss of Rs 31.65
Deepak Mohoni, Director, trendwatchindia.com
United Spirits Ltd is a 'BUY' call with a target of Rs 846 and a stop loss of Rs 797
DLF Ltd is a 'BUY' call with a target of Rs 218 and a stop loss of Rs 206
OBC is a 'SELL' call with a target of Rs 230 and a stop loss of Rs 240
(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
