'BUY' or 'SELL' ideas from experts for Wednesday, 16 November 2016
BCCL
Synopsis
On Wall Street, the Dow Jones Industrial Average index advanced 0.29 per cent to a record high on Tuesday while the S&P 500 gained 0.75 per cent.
By ET Now
NEW DELHI: The BSE Sensex and NSE Nifty are likely to open in green on Wednesday following firm global cues. SGX Nifty was trading 98.50 points up at 8213.50, indicating a gap-up start for domestic equity markets. Asian peers Hang Seng and Nikkei indices were trading higher by 0.50 per cent and 0.97 per cent, respectively, in morning trade.
The 30-share Sensex on Tuesday slipped over 514 points to end at nearly 6-month low of 26,305 and the Nifty crashed below 8,200 after fears of acute cash crunch arising out of demonetisation played out amid capital outflows and surging US yields.
Milan Vaishnav, CMT, consultant technical analyst, Gemstone Equity Research & Advisory Services said, “For today, the levels of 8,165 and 8,235 will act as immediate resistance levels on the daily charts. The supports will come in at 8,090 and 8,025 levels.”
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Siddarth Bhamre, independent market expert
Idea Cellular is a 'Buy' call with a target of Rs 78 and a stop loss of Rs 68
Manav Chopra, head - technical analyst, Monarch Networth Capital
UPL is a 'Sell' call with a target of Rs 575 and a stop loss of Rs 610
Sameet Chavan, technical analyst, Angel Broking
Just Dial is a 'Buy' call with a target of Rs 449 and a stop loss of Rs 375
Kunal Bothra, independent market expert
Zee Entertainment is a 'BUY' call with a target of Rs 480 and a stop loss of Rs 440
CK Narayan, Founder, Chart Advise
Dr Reddy's Labs is a 'BUY' call with a target of Rs 3,360 and a stop loss of Rs 3,190
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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On Wall Street, the Dow Jones Industrial Average index advanced 0.29 per cent to a record high on Tuesday while the S&P 500 gained 0.75 per cent.The 30-share Sensex on Tuesday slipped over 514 points to end at nearly 6-month low of 26,305 and the Nifty crashed below 8,200 after fears of acute cash crunch arising out of demonetisation played out amid capital outflows and surging US yields.
Milan Vaishnav, CMT, consultant technical analyst, Gemstone Equity Research & Advisory Services said, “For today, the levels of 8,165 and 8,235 will act as immediate resistance levels on the daily charts. The supports will come in at 8,090 and 8,025 levels.”
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Siddarth Bhamre, independent market expert
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State Bank of India is a 'Buy' call with a target of Rs 298 and a stop loss of Rs 272Idea Cellular is a 'Buy' call with a target of Rs 78 and a stop loss of Rs 68
Stocks Recommendations
Manav Chopra, head - technical analyst, Monarch Networth Capital
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Infosys is a 'Buy' call with a target of Rs 970 and a stop loss of Rs 915UPL is a 'Sell' call with a target of Rs 575 and a stop loss of Rs 610
Sameet Chavan, technical analyst, Angel Broking
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Maruti Suzuki is a 'Buy' call with a target of Rs 5,250 and a stop loss of Rs 4,670Just Dial is a 'Buy' call with a target of Rs 449 and a stop loss of Rs 375
Kunal Bothra, independent market expert
Zee Entertainment is a 'BUY' call with a target of Rs 480 and a stop loss of Rs 440
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CK Narayan, Founder, Chart Advise
Dr Reddy's Labs is a 'BUY' call with a target of Rs 3,360 and a stop loss of Rs 3,190
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
