The Nifty futures on the Singaporean stock exchange were trading lower by around 16 points at 10286, a fall of around 0.16 percent. This indicates that the domestic market is likely to open on a negative note.
Moneycontrol.com has collated a list of trading ideas from top market experts which one can take cues for better returns:
Ashwani Gujral of ashwanigujral.com
Buy Titan Company with a stop loss of Rs 780, target of Rs 805
Buy United Spirits with a stop loss of Rs 3150, target of Rs 3320
Buy DLF with a stop loss of Rs 218, target of Rs 234
Buy Tata Global Beverage with a stop loss of Rs 254, target of Rs 272
Buy Adani Enterprises with a stop loss of Rs 152, target of Rs 164
Buy Yes Bank with a stop loss of Rs 307, target of Rs 321
Buy Jai Corp with a stop loss of Rs 124, target of Rs 136
Buy Ajanta Pharma with a stop loss of Rs 1280, target of Rs 1360
Pharmaceutical is not something I understand very well because one day FDA is happy with them, next day they ban them. So it is not my favourite space. While for the day you can go with Biocon, but longer term, I think I am much more interested in Tata Global Beverage or Yes Bank, stocks which are much more predictable.
Mitessh Thakkar 0f mitesshthakkar.com
Buy Ajanta Pharma with a stop loss of Rs 1237, target of Rs 1360
Buy DLF with a stop loss of Rs 215, target of Rs 245
Buy LIC Housing Finance with a stop loss below Rs 588, target of Rs 640
Sell Tech Mahindra with a stop loss of Rs 492, target of Rs 465
Buy Bajaj Finserv with a stop loss of Rs 5030, target of Rs 5350
Buy Yes Bank with a stop loss of Rs 304 for target of Rs 325
Sell Ambuja Cements with a stop loss of Rs 273 for target of Rs 257
From a very simple observation, what I can make sense is go long on pharmaceutical stocks. The preferred ones would be Biocon, Glenmark Pharma and Ajanta Pharma. Go short in the cement stocks, Ambuja Cements topping the list over there along with UltraTech Cement. So if you are trading for the next two to three days, I think these are the trades which I would suggest.
Prakash Gaba of prakashgaba.com
Buy Bajaj Finserv with target at Rs 5300, stop loss at Rs 5070
Buy Blue Dart with target at Rs 4200, stop loss at Rs 4050
Jai Corp can climb to around Rs 140, keep stop loss at Rs 120
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