Top 20 trading ideas from experts in rangebound markets

NEW DELHI: The S&P BSE Sensex surged over 100 points in mid-morning trade on Tuesday, led by gains in ICICI Bank, L&T and Reliance Industries Ltd.

According to analysts, the market trend is weak and traders should choose ‘sell on rise’ strategy and book profits.

At 11:30 a.m., the 50-share index was at 5,970.95, up 31.65 points or 0.50 per cent. It touched a high of 5,981.60 and a low of 5,932.85 in trade today.

The Sensex was at 19,704.09, up 95.61 points or 0.49 per cent. It touched a high of 19,742.70 and a low of 19,576.18 in trade today.

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

Ashwani Gujral of ashwanigujral.com

Bata India Ltd is a ‘BUY’ call with a target of Rs 865 and a stop loss of Rs 825

DLF Ltd is a ‘BUY’ call with a target of Rs 220 and a stop loss of Rs 190

DRL Ltd is a ‘BUY’ call with a target of Rs 2190 and a stop loss of Rs 2130

HDIL is a ‘SELL’ call with a target of Rs 35 and a stop loss of Rs 43



Mitesh Thacker of miteshthacker.com

REC Ltd is a ‘SELL’ call with a target of Rs 208 and a stop loss of Rs 230.50

Aurobindo Pharma Ltd is a ‘BUY’ call with a target of Rs 190 and a stop loss of Rs 180

Bata India Ltd is a ‘BUY’ call with a target of Rs 882 and a stop loss of Rs 834

Dr Reddy’s Lab Ltd is a ‘BUY’ call with a target of Rs 2200 and a stop loss of Rs 2124



Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Dr Reddy’s Lab Ltd is a ‘BUY’ call with a target of Rs 2205 and a stop loss of Rs 2125

Bata India Ltd is a ‘BUY’ call with a target of Rs 880 and a stop loss of Rs 830

Tata Global Bev Ltd is a ‘BUY’ call with a target of Rs 157 and a stop loss of Rs 148