Top 20 trading ideas from ET Now experts for Thursday, July 19

NEW DELHI: The Nifty gained momentum after a positive start and was trading in line with Asian peers, led by gains in technology, power, capital goods and metals sectors.

The market is pinning hopes on reforms announcements from the government after the Presidential elections. Analysts are of the view that any correction from here on gives a good window of opportunity to investors to buy.

“The market has done pretty well in the first half of 2012 with the broad midcaps, largecaps, the Sensex and the Nifty -- everything appreciated by 15-20 percent,” Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services, said.

“No asset class except stocks, not even gold or real estate, seems to be working right now,” he added.

“It gives an investor the perfect environment to accumulate. Of course, one has to be stock specific and where he places his bets,” Agrawal added.

At 11:30 a.m., the 50-share NSE index was at 5,243.80, up 27.50 points or 0.5 percent. It has touched a high of 5,257.75 and a low of 5,238 in trade today.

The Sensex was at 17,274.56, up 89.55 points or 0.52 percent. It has touched a high of 17,317.56 and a low of 17,257.19 today.

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

Ashwani Gujral of ashwanigujral.com

JSW Steel Ltd is a ‘BUY’ call with a target of Rs 719 and a stop loss of Rs 680

MphasiS Ltd is a ‘BUY’ call with a target of Rs 410 and a stop loss of Rs 388

Cairn India Ltd is a ‘BUY’ call with a target of Rs 335 and a stop loss of Rs 315

NMDC Ltd is a ‘BUY’ call with a target of Rs 205 and a stop loss of Rs 190

Mitesh Thacker of miteshthacker.com

Bajaj Finserv Ltd is a ‘BUY’ call with a target of Rs 765 and a stop loss of Rs 709

Garden Silk Mills Ltd is a ‘BUY’ call with a target of Rs 65 and a stop loss of Rs 55

Titan Industries Ltd is a ‘BUY’ call with a target of Rs 237 and a stop loss of Rs 222

Federal Bank Ltd is a ‘SELL’ call with a target of Rs 405 and a stop loss of Rs 435.25

Sandeep Wagle, founder & MD, APTART Technical Advisory Services

JSW Steel Ltd is a ‘BUY’ call with a target of Rs 725 and a stop loss of Rs 680

Bata India Ltd is a ‘BUY’ call with a target of Rs 955 and a stop loss of Rs 882

Cairn India Ltd is a ‘BUY’ call with a target of Rs 330 and a stop loss of Rs 316

BHEL is a ‘BUY’ call with a target of Rs 250 and a stop loss of Rs 230

Prakash Gaba, CFT, prakashgaba.com

BHEL is a ‘BUY’ call with a target of Rs 241 and a stop loss of Rs 233

Harrisons Malayalam Ltd is a ‘BUY’ call with a target of Rs 76 and a stop loss of Rs 72

Rajat Bose, rajatkbose.com

HDFC Bank Ltd is a ‘BUY’ call with a target of Rs 594 and a stop loss of Rs 586

Jubilant FoodWorks Ltd is a ‘BUY’ call with a target of Rs 1251 and a stop loss of Rs 1229

Tata Global Beverages Ltd is a ‘BUY’ call with a target of Rs 122.50 and a stop loss of Rs 116.80

Deepak Mohoni, Director, trendwatchindia.com

BPCL is a ‘BUY’ call with a target of Rs 400 and a stop loss of Rs 380

CMC Ltd is a ‘BUY’ call with a target of Rs 1039 and a stop loss of Rs 980

Essar Oil Ltd is a ‘SELL’ call with a target of Rs 54 and a stop loss of Rs 56

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