DLF, Bombay Burmah among top intraday trading tips

The Sensex and Nifty are expected to open higher as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive.

Buy HCL Tech with a target price of Rs 990. Image source: PTI

The Sensex and Nifty are expected to open higher as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive. At 7:50 am, SGX Nifty was trading at 10,904.50, up 34.50 points or 0.32 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan put on 0.2 per cent in early trade, adding to a 1.3 per cent rise on Monday. Japan’s Nikkei climbed 0.8 per cent and South Korea 0.6 per cent, while E-mini futures for the S&P 500 firmed 0.1 per cent.

Sentiment has been soothed by a bounce in Chinese shares which saw Shanghai blue chips climb 2.8 per cent on Monday for the biggest daily jump since August 2016.

Here are key intraday trading ideas:

HCL Tech (Buy)

Target: Rs 990
Stoploss: Rs 955

Board meeting to discuss buyback on July 12
This time buy back price could be Rs 1050-1100 per share

UCAL FUEL (Buy)

Target: Rs 215
Stoploss: Rs 205

Buying in auto ancillary stocks
Buying at the lower leveks in the stock

Hubtown (Buy)

Target: Rs 71
Stoploss: Rs 67.2

Board meeting due on July 12
The meeting will discuss proposal to raise funds for long-term plans

Bombay Burmah (Buy)

Target: Rs 1545
Stoploss: Rs 1505