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Trading Calls: Buy Tata Motors, Federal Bank, Power Finance Corp, Say Experts

The NSE Nifty managed to close above the psychological level of 10,200 on Monday.
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ACC, Axis Bank and Bajaj Auto earnings will be on investors' radar (Representational image)
ACC, Axis Bank and Bajaj Auto earnings will be on investors' radar (Representational image)
Indian markets are likely to open flat on Tuesday tracking mixed cues. Nifty futures on Singapore Exchange were down 0.19 per cent or 20 points as of 8:30 am. The NSE Nifty managed to close above the psychological level of 10,200 on Monday. According to domestic brokerage Angel Broking, Nifty is likely to find support around 10,180-10,120 levels whereas on the upside 10,260-10,300 will act as immediate hurdles. Among Nifty50 stocks, ACC, Axis Bank and Bajaj Auto will be on investors' radar as the companies report their September quarter earnings today. Meanwhile, other Asian shares opened higher tracking positive handover from Wall Street. Japan's Nikkei index was up 0.11 per cent, Hang Seng fell 0.07 per cent while Kospi traded 0.15 per cent higher.

Market experts shared their top trading picks:

Simi Bhaumik, research analyst:

Buy Tata Motors for a target price of Rs 450 with stop loss at Rs 429

Buy Vedanta for a target price of Rs 342 with stop loss at Rs 332

Buy Federal Bank for a target price of Rs 132 with stop loss at Rs 121

Lovelesh Sharma of Epic Research:

Buy Tata Motors DVR for a target price of Rs 285 with stop loss at Rs 220

Buy Power Finance Corporation for a target price of Rs 184 with stop loss at Rs 102

Buy Idea Cellular for a target price of Rs 125 with stop loss at Rs 69

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

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