NDTV Profit

Trading Calls: Buy JSW Steel, Asian Paints; Sell Biocon, Say Experts

Analysts say that besides global cues, the outcome of the state assembly elections will be the next trigger for markets.
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Sensex faced pressure at higher levels on profit-taking
Sensex faced pressure at higher levels on profit-taking
BSE Sensex and Nifty traded with marginal gains on Friday but faced resistance at higher levels on profit-taking. Gains in IT, capital goods and banking stocks helped offset losses in metal and oil & gas stocks. Analysts say that besides global cues, the outcome of the state assembly elections will be the next trigger for markets. The rupee continued to strengthen hitting 66.82 against the US dollar at day's high. Meanwhile, NDTV Profit spoke to a few analysts who shared their top trading picks.

Stock Talk

Gaurav Bissa, derivatives analyst at LKP Securities

Buy Motherson Sumi with target of 365-370 and stop-loss of Rs 340

Buy Asian Paints with target of Rs 1,040 and stop-loss of Rs 980

Sell Biocon with target of Rs 1,055 and stop-loss of Rs 1,110

Sumeet Bagadia, associate director of Choice Broking

Buy Bharat Forge with target of Rs 1,070-1,100 and stop-loss of Rs 990

Buy M&M with target of Rs 1,340-1,370 and stop-loss of Rs 1,250

Buy JSW Steel with target of Rs 200-205 and stop-loss of Rs 185

Lancelot D'Cunha, an independent market analyst

He likes Coffee Day Enterprises from a perspective of two to three years

TS Anantakrishnan, Managing Director of Varanium Capital Advisors

In NBFC space, he likes Bajaj Finance, Capital First

In pharma, he likes Aurobindo Pharma

Disclaimer: Investors are advised to make their own assessment before acting on the information.
 

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