The Indian indices are likely to remain range-bound in trade on Tuesday amid renewed US-China trade tensions. Meanwhile, Asian shares wallowed near five-week lows after US President Donald Trump’s threat to raise tariffs.
NSE
On Monday, benchmark indices recovered from the day's low but ended nearly a percent lower. The Sensex ended down 362.92 points at 38,600.34, while Nifty closed 114 points lower at 11,598.30.
Among stocks, Sudarshan Sukhani is positive on Bajaj Finserv and Ultratech Cement and negative on Indiabulls Housing, Reliance Capital and United Spirits. Mitessh Thakkar has a 'buy' call on Ajanta Pharma and Federal Bank and 'sell' call on Zee and Bajaj Finance. Meanwhile, Prakash Gaba is bullish on ITC and MindTree and bearish on NMDC, Ujjivan Finance.
Stock recommendations by top market experts for today:
Sudarshan Sukhani - s2analytics.com
- Buy Bajaj Finserv with a stop loss of Rs 7,575, target at Rs 7,750
- Buy UlltraTech Cement with a stop loss of Rs 4,480, target at Rs 4,580
- Sell Indiabulls Housing Finance with a stop loss of Rs 694, target at Rs 675
- Sell Reliance Capital with a stop loss of Rs 129.5, target at Rs 122
- Sell United Spirits with a stop loss of Rs 527, target at Rs 516
Mitessh Thakkar - mitesshthakkar.com
- Sell Bajaj Finance with a stop loss of Rs 3,076, target at Rs 2,950
- Sell Zee Entertainment with a stop loss of Rs 397, target at Rs 370
- Buy Ajanta Pharma with a stop loss of Rs 1,049, target at Rs 1,100
- Buy Federal Bank with a stop loss of Rs 98, target at Rs 105
Prakash Gaba - prakashgaba.com
- Buy ITC with a stop loss of Rs 304, target at Rs 310
- Buy MindTree with a stop loss of Rs 975, target at Rs 995
- Sell NMDC with a stop loss of Rs 98, target at Rs 93
- Sell Ujjivan Financial Services with a stop loss of Rs 317, target at Rs 300
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