Indian shares are likely to open lower following negative global cues as trade tensions escalated between the US and China. Asian shares tumbled, oil prices plunged as US President Donald Trump said trade talks were proceeding “too slowly”, and that he would raise tariffs on $200 billion of goods to 25 percent on Friday from 10 percent.
NSE
On Friday, benchmark indices ended flat, with the Nifty holding above 11,700, while Sensex closing above 39,000. The Sensex was down 18 points at 38,963, while Nifty was down 12 points at 11,712.
Among stocks, Sudarshan Sukhani is only bullish on Bajaj Auto and has a 'sell' call on BHEL, Reliance Infra, Engineers India, and Bank of Baroda. Mitessh Thakkar is 'buy' on Federal Bank and bearish on Bata India and LIC Housing Finance. Prakash Gaba is positive on Bharat Forge, Exide Industries, Indiabulls Housing and negative on Tech Mahindra.
Stock recommendations by top market experts for today:
Sudarshan Sukhani - s2analytics.com
- Buy Bajaj Auto with a stop loss of Rs 3,043, target at Rs 3,075
- Sell Engineers India with a stop loss of Rs 111.5, target at Rs 109
- Sell Bank of Baroda with a stop loss of Rs 120.5, target at Rs 117
- Sell Reliance Infra with a stop loss of Rs 114, target at Rs 106
- Sell BHEL with a stop loss of Rs 69.5, target at Rs 67
Mitessh Thakkar - mitesshthakkar.com
- Sell LIC Housing Finance with a stop loss of Rs 490.5, target at Rs 471
- Sell Bata India with a stop loss of Rs 1,455, target at Rs 1,410
- Buy Bajaj Auto with a stop loss of Rs 3,029, target at Rs 3,115
- Buy Federal Bank with a stop loss of Rs 95.5, target at Rs 102
Prakash Gaba - prakashgaba.com
- Buy Bharat Forge with a stop loss of Rs 475, target at Rs 505
- Buy Exide Industries with a stop loss of Rs 214, target at Rs 224
- Buy Indiabulls Housing Finance with a stop loss of Rs 685, target at Rs 740
- Sell Tech Mahindra with a stop loss of Rs 823, target at Rs 800
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