FAST MONEY: 10 intraday trading tips for Wednesday's trade

The domestic market is expected to open flat, tracking negative trend seen in Asian markets, which dipped after a long winning run on Wall Street ended overnight.

However, Nifty futures' trend in Singapore suggested a mildly positive opening. At 7:50 am, SGX Nifty was trading at 10,410, up 44.50 points or 0.43 per cent.

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Below are the key trading ideas for Wednesday's trade:

Eros International (Buy)

Target: Rs 210
Stoploss: Rs 195

• RIL bought 5 per cent stake in Eros International PLC
• RIL bought it for $15 per share
• The deal is worth Rs 1000 crore
• Eros PLC is Eros India's parent company

OBC (Buy)

Target: Rs 110
Stoploss: Rs 105

• PSU bank stocks recovered in the previous session
• Share no longer in F&O ban

Indian Bank (Buy)

Target: Rs 335
Stoploss: Rs 323

• PSU bank stocks recovered in the previous session
• Short-covering in the stock in the previous session; OI reduced 7%

HDIL (Buy)

Target: Rs 53
Stoploss: Rs 50.9

• The stock will come out of F&O bank from April 27: Nse

Indiabulls Real Estate (Buy)

Target: Rs 225
Stoploss: Rs 215

• Blackstone in talks to buy 49% in office rental business of Indiabulls
• The deal is expected to be fixed at $60-65 crore
• Company’s annual rental income currently stands at Rs 720 crore
• The company owns rental space of 50 lakh Sq Ft
• IB Real deals with over 200 big clients
• Blackstone's investment in realty sector stands at $270 crore so far

Reliance Infra (Buy)

Target: Rs 454
Stoploss: Rs 440

Idea (Buy)

Target: Rs 86
Stoploss: Rs 83.2

Ramco Cements (Buy)

Target: Rs 745
Stoploss: Rs 723

• Buying witnessed in cement shares in previous session
• Short-covering seen in the stock yesterday; OI reduced 11%

BSE (Buy)

Target: Rs 822
Stoploss: Rs 800

• Sebi approval to launch cross-currency derivatives

Nitin Spinners (Buy)

Target: Rs 117
Stoploss: Rs 107

• Board approval to release 3.32 lakh preferential shares
• Promoters will receive shares at Rs 120.5 per share

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)