The Sensex and Nifty are expected to open lower on Wednesday tracking Asian markets, which opened on shaky ground while the Chinese yuan stood near 11-month lows as the specter of a Sino-US trade war haunted investors ahead of an end-of-week deadline for US tariffs on billions of dollars worth of Chinese imports.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

At 7:50 am, SGX Nifty was trading at 10,723, down 9.50 per cent or 0.09 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, a day after it hit a nine-month low. Japan’s Nikkei lost 0.5 percent. Wall Street dropped on Tuesday, giving up early gains in a truncated session ahead of the Independence Day holiday on Wednesday.

Here are key intraday trading tips:

GM Breweries 

Target: Rs 950 
Stoploss: Rs 900 

The company's results due on July 5; profit expected to double
40% cash delivery in the stock

Automotive Stamping

Target: Rs 62
Stoploss: Rs 54  

Automotive Stamping can be merged into Tata Motors
Tata Motors owns 75 per cent stake in the company

SRF

Target: Rs 1700
Stoploss: Rs 1640 

Short-covering seen in the stock; base seen at Rs 1,625
Q1FY19 results to be better than previous quarter

Prakash Industries 

Target: Rs 152
Stoploss: Rs 143 

The company can demerge its PVC pipe business
Q1FY19 results scheduled on July 10; profit may jump by 150%

WATCH ZEE BUSINESS VIDEO HERE

Colgate

Target: Rs 1180 
Stoploss: Rs 1145 

Jefferries expects positive Q1FY19 fpr FMCG firms
60% cash delivery in the stock
 
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)