The benchmark indices are likely to open in red on Monday, following subdued Asian shares, amid growing uncertainty over US-China trade talks. Investors are keenly watching whether the United States and China will be able to reach a deal to end their trade war after Washington sharply hiked tariffs.
NSE
Q4 earnings, macro data, and the ongoing Lok Sabha elections will also affect the market sentiment going ahead. The retail inflation data is scheduled to be released early this week. On Friday, Nifty failed to hold 11,300 as benchmark indices fell for the eighth consecutive session. The Sensex ended nearly 100 points lower, while Nifty closed at 11,278.
Among stocks, Sudarshan Sukhani is bullish on L&T and Hexaware Tech, while bearish on Reliance Capital, Hindustan Zinc, and NTPC. Mitessh Thakkar has a 'sell' call on Eicher Motors and Muthoot Finance and a 'buy' call on RBL Bank and State Bank of India. Prakash Gaba is positive on Manappuram Investment and NCC and negative on MindTree and TCS.
Stock recommendations by top market experts for today:
Sudarshan Sukhani - s2analytics.com
- Buy Larsen & Toubro with a stop loss of Rs 1,335, target at Rs 1,370
- Buy Hexaware Tech with a stop loss of Rs 342, target at Rs 351
- Sell Reliance Capital with a stop loss of Rs 121, target at Rs 115
- Sell Hindustan Zinc with a stop loss of Rs 263, target at Rs 257
- Sell NTPC with a stop loss of Rs 127.8, target at Rs 125
Mitessh Thakkar - mitesshthakkar.com
- Sell Eicher Motors with a stop loss of Rs 20,750, target at Rs 19,000
- Sell Muthoot Finance with a stop loss of Rs 586, target at Rs 550
- Buy RBL Bank with a stop loss of Rs 664, target at Rs 698
- Buy State Bank of India with a stop loss of Rs 302.5, target at Rs 318
Prakash Gaba - prakashgaba.com
- Buy Manappuram Investment with a stop loss of Rs 115, target at Rs 120
- Buy NCC with a stop loss of Rs 94, target at Rs 100
- Sell Mindtree with a stop loss of Rs 980, target at Rs 960
- Sell TCS with a stop loss of Rs 2,160, target at Rs 2,090
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