Top 20 trading picks from ET Now experts for Friday August 10 THE ECOMONIC TIMES (10/08/2012)
NEW DELHI: The Nifty is consolidating in a narrow range with a negative bias in the absence of supportive cues from Asian peers. According to analysts, the market may see some profit booking before resuming the next leg of upmove.
"The rally so far witnessed in our markets is more liquidity-driven. Essentially, global risk-on trade has been helping India year to date," Ajay Bodke, Head - Investment Strategist & Advisory at Prabhudas Lilladher, said.
"The market is lackluster and is expected to move in a band of 20-30 points. I don't see the Nifty crossing 5,360-5,370 on the upside or breaking 5,320 on the downside," Sandeep Wagle, founder & MD at APTART Technical Advisory Services, said.
"So this is 40-50-point range is what I would map the Nifty in for the day," Wagle added.
At 11:40 a.m., the 30-share BSE Sensex was at 17,516.66, down 44.70 points or 0.25 percent. It has touched a high of 17,563.46 and a low of 17,501.95 today.
The broader 50-share Nifty was at 5,309.50, down 13.45 points or 0.25 percent. It has touched a high of 5,323.40 and a low of 5,303.75 today.
ET Now spoke to various experts for their top 20 ideas for today.
Ashwani Gujral of ashwanigujral.com
Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 1820 and a stop loss of Rs 1950
SAIL Ltd is a 'SELL' call with a target of Rs 76 and a stop loss of Rs 88
Power Finance Corporation Ltd is a 'SELL' call with a target of Rs 175 and a stop loss of Rs 191
Oracle Financial Services Software Ltd is a 'BUY' call with a target of Rs 2900 and a stop loss of Rs 2750
Rohit Shinde, Master Capital Services
Omkar Speciality Chemicals Ltd is a 'BUY' call with a target of Rs 88 and a stop loss of Rs 80
Dishman Phama Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 84
KPIT Cummins Infosystems Ltd is a 'BUY' call with a target of Rs 138 and a stop loss of Rs 129
Cholamandalam Investment & Finance Company Ltd is a 'BUY' call with a target of Rs 220 and a stop loss of Rs 210
Prakash Gaba, CFT, prakashgaba.com
Apollo Tyres Ltd is a 'BUY' call with a target of Rs 87 and a stop loss of Rs 84
IDBI Bank is a 'SELL' call with a target of Rs 82.50 and a stop loss of Rs 85.00
Reliance Infrastructure Ltd is a 'SELL' call with a target of Rs 492 and a stop loss of Rs 512
Sandeep Wagle, founder & MD, APTART Technical Advisory Services
Apollo Tyres Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 83
Petronet LNG Ltd is a 'BUY' call with a target of Rs 160 and a stop loss of Rs 152
Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 1875 and a stop loss of Rs 1930
Rajat Bose, rajatkbose.com
Nifty August Futures is a 'SELL' call with a target of Rs 5283 and a stop loss of Rs 5375
BHEL August Futures is a 'SELL' call with a target of Rs 226 and a stop loss of Rs 234.50
Bajaj Hindustan Ltd is a 'BUY' call with a target of Rs 34.40 and a stop loss of Rs 32.80
Deepak Mohoni, Director, trendwatchindia.com
L&T Ltd is a 'BUY' call with a target of Rs 1472 and a stop loss of Rs 1395
HCL Technologies Ltd is a 'BUY' call with a target of Rs 560 and a stop loss of Rs 530
State Bank of India is a 'SELL' call with a target of Rs 1926 and a stop loss of Rs 1990”