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.
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
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
The stock is trading above all key averages
Volumes above 2-week average in previous session
WATCH ZEE BUSINESS VIDEO HERE
Target: Rs 193
Stoploss: Rs 186
JP Morgan has a buy rating on the stock
Target Rs 280: JP Morgan
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)