Top 20 trading ideas from experts for falling markets

NEW DELHI: Indian markets plunged in mid-morning trade on Wednesday with Nifty slipping below its key psychological support level of 6000, after the Reserve Bank of India announced additional liquidity tightening measures to contain excessive speculation and volatility in the foreign exchange market.

At 11:30 a.m.; the 50-share index was at 5971.40, down 104.45 points or 1.7 per cent. It touched a high of 6,047.25 and a low of 5,968.40 in trade today.

The S&P BSE Sensex was at 20,036.24, down 265.89 points or 1.3 per cent. It touched a high of 20,252.70 and a low of 20,018.94 in trade today.

The RBI has reduced the liquidity adjustment facility (LAF) for each bank from 1 per cent of the total deposits to 0.5 per cent, thus limiting the access to borrowed funds from the central bank. The limit will come into force with immediate effect and continue till further notice, the RBI added.

Credit Suisse is of the view that tightening of liquidity would further push up short-term rates which are already above 120–140 bps from their lows.

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

Ashwani Gujral of ashwanigujral.com

Tata Global Beverages Ltd is a 'BUY' call with a target of Rs 164 and a stop loss of Rs 152

TCS Ltd is a 'BUY' call with a target of Rs 1820 and a stop loss of Rs 1760

REC Ltd is a 'SELL' call with a target of Rs 179 and a stop loss of Rs 195

Federal Bank Ltd is a 'SELL' call with a target of Rs 345 and a stop loss of Rs 370

Mitesh Thacker of miteshthacker.com

Adani Power Ltd is a 'SELL' call with a target of Rs 36 and a stop loss of Rs 40

Vijaya Bank Ltd is a 'SELL' call with a target of Rs 40 and a stop loss of Rs 45.20

Dena Bank Ltd is a 'SELL' call with a target of Rs 60 and a stop loss of Rs 66.75

CNX IT Index is a 'BUY' call with a target of 8000 and a stop loss of 7500

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Sun Pharma Ltd is a 'BUY' call with a target of Rs 1165 and a stop loss of Rs 1105

Yes Bank Ltd is a 'SELL' call with a target of Rs 375 and a stop loss of Rs 416

JP Associates Ltd is a 'SELL' call with a target of Rs 42 and a stop loss of Rs 49.50

Manish Hathiramani, Proprietary Trader & Technical Analyst, Deen Dayal Investments

Tata Power Ltd is a 'BUY' call with a target of Rs 100 and a stop loss of Rs 90

RIL Ltd is a 'BUY' call with a target of Rs 945 and a stop loss of Rs 835

L&T Ltd is a 'SELL' call with a target of Rs 875 and a stop loss of Rs 930