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Trading Calls: Buy UltraTech , Sell Vedanta, Says Lovelesh Sharma

Tech Mahindra, IOC, Vedanta, Asian Paints and Tata Steel were the top gainers on Nifty 50, rising in the range of 1.1-7 per cent.
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Gains were led by energy, realty, metals and media stocks
Gains were led by energy, realty, metals and media stocks
Indian markets started Tuesday's session on a positive note with the Sensex gaining 79 points to 31,781 and the broader Nifty index rising 24 points. Gains were led by energy, realty, metals and media stocks - up between 0.5 per cent and 0.9 per cent. Early in the session, Tech Mahindra, IOC, Vedanta, Asian Paints and Tata Steel were the top gainers on Nifty 50, rising in the range of 1.1-7 per cent. Also, midcap and smallcap shares were up 0.5-0.7 per cent in morning deals, outperforming their largecap counterparts. Meanwhile, Asian shares were on the defensive on worries about North Korea but expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks and copper prices. MSCI's dollar-denominated index of Asia-Pacific shares outside Japan was up 0.1 per cent thanks to gains in Chinese shares, though many markets were in the red. Japan's Nikkei fell 0.5 per cent.

Here are two trading calls shared by Lovelesh Sharma of Epic Research

Buy UltraTech Cement on dips for a target price of Rs 4,200 with stop loss at Rs 3,910

Sell Vedanta on rise for a target price of Rs 295 with stop-loss at Rs 327

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

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