NDTV Profit

Trading Calls: Buy Petronet LNG, Sell Havells, Says Expert

Indian markets are likely to start Tuesday's session on a flat note.
EMAIL
COMMENTS
On Monday,  the Nifty closed 0.94 per cent lower at 10,224.95
On Monday, the Nifty closed 0.94 per cent lower at 10,224.95
Indian markets are likely to start Tuesday's session on a flat note, with the SGX Nifty on the Singapore Exchange trading 16.50 points lower at 10,244.50. Shares in the other Asian markets wobbled. Investors awaited developments in US tax reform efforts. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.25 per cent after two sessions of declines, while Australia fell 0.9 per cent. Japan's Nikkei was choppy, down 0.1 per cent to add to four sessions of losses.

On Monday, domestic shares tumbled with the Nifty closing 0.94 per cent lower at 10,224.95 and the BSE Sensex settling 0.84 per cent down at 33,033.56.

Research analyst Simi Bhaumik shared her top trading picks:

Buy Petronet near Rs 265/266 for a target price of Rs 269-71 with stop loss below Rs 262

Sell Havells if it fails to clear Rs 515/516 for a target price of Rs 493 with stop loss above Rs 518

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

For latest news on Business, like us on Facebook and follow us on Twitter.

Advertisement

Advertisement

GAINERS / LOSERS