Top twenty trading ideas from experts for rangebound markets

NEW DELHI: Markets were trading in a narrow range on Wednesday after a firm opening on the back of positive cues from global peers.

"Since we have moved up from somewhere around 5500 to 6200 on the Nifty, it is a 700-point jump. So couple of 100 points here or there in terms of correction should not be taken as a kind of a trend on the downside," said Anish Damania, Head-Institutional Equity, Emkay Global Financial Services in an interview with ET Now.

At 11:30 a.m., the 50-share index was at 6,124.20, up 10.10 points or 0.17 per cent. It touched a high of 6,147.60 and a low of 6,118.80 in trade today.

The Sensex was at 20161.96, up 50.35 points or 0.25 per cent. It touched a high of 20,220.35 and a low of 20,139.08 in trade today.

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

Ashwani Gujral of ashwanigujral.com

Tech Mahindra Ltd is a ‘BUY’ call with a target of Rs 1020 and a stop loss of Rs 960

Sun Pharma Ltd is a ‘BUY’ call with a target of Rs 1015 and a stop loss of Rs 984

Divi’s Lab Ltd is a ‘SELL’ call with a target of Rs 965 and a stop loss of Rs 995

Future Retail Ltd is a ‘SELL’ call with a target of Rs 132 and a stop loss of Rs 144



Mitesh Thacker of miteshthacker.com

IFCI Ltd is a ‘SELL’ call with a target of Rs 27 and a stop loss of Rs 29.75

HCL Technologies Ltd is a ‘BUY’ call with a target of Rs 775 and a stop loss of Rs 740

Sun Pharma Ltd is a ‘BUY’ call with a target of Rs 1010 and a stop loss of Rs 974

Ambuja Cements Ltd is a ‘SELL’ call with a target of Rs 177 and a stop loss of Rs 188.20