Top 20 trading ideas from ET Now experts for Thursday

NEW DELHI: Witnessing profit booking on Thursday, the BSE Sensex slipped over 100 points in trade following weak cues from Asian peers and political uncertainty back home after Mamata Banerjee-led Trinamool Congress walked out on the UPA government protesting diesel price hike and FDI in multi-brand retail.

According to reports, the government might not roll-back reform measures and may take support of other regional parties.

Harendra Kumar, Managing Director, Institutional Equities, Elara Capital, is of the view that the political uncertainty may cap the euphoria that is building up in the markets and that in a way is good for the markets.

“So the persistent uncertainty might get resolved and will provide an opportunity to fund managers to recalibrate the investment strategy in light of the new developments and probably select good long term at this point of time,” added Kumar.

UBS is of the view that the decision by the Trinamool Congress (TC) has - expectedly - raised not only political entropy but also the risk that announced measures may be either diluted or delayed.

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

Ashwani Gujral of ashwanigujral.com

Tata Consultancy Services Ltd is a ‘BUY’ call with a target of Rs 1360 and a stop loss of Rs 1300

Hindustan Unilever Ltd is a ‘BUY’ call with a target of Rs 555 and a stop loss of Rs 530

Hexaware Ltd is a ‘BUY’ call with a target of Rs 140 and a stop loss of Rs 128

Canara Bank is a ‘BUY’ call with a target of Rs 440 and a stop loss of Rs 390

Mitesh Thacker of miteshthacker.com

Zee Entertainment Ltd is a ‘BUY’ call with a target of Rs 189 and a stop loss of Rs 179

Punjab National Bank is a ‘BUY’ call with a target of Rs 835 and a stop loss of Rs 774

Aditya Birla Nuvo Ltd is a ‘BUY’ call with a target of Rs 826 and a stop loss of Rs 787

Bharti Airtel Ltd is a ‘BUY’ call with a target of Rs 284 and a stop loss of Rs 265

Prakash Gaba, CFT, prakashgaba.com

Allahabad Bank is a ‘BUY’ call with a target of Rs 149 and a stop loss of Rs 140

Jain Irrigations Ltd is a ‘BUY’ call with a target of Rs 72 and a stop loss of Rs 64

Reliance Industrial Infrastructure Ltd is a ‘SELL’ call with a target of Rs 410 and a stop loss of Rs 425