FAST MONEY: SREI Infra, PVR among key intraday tips for Tuesdays trade

The domestic market is expected to open higher, tracking Asian markets, which extended their recovery on Tuesday, hitting a three-week high as US borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell’s highly-anticipated first congressional testimony later in the day.

At 8:30 am, the SGX Nifty., Nifty futures being traded on Singapore Stock Exchange, was trading at 10,636.50, up 39 points or 0.37 per cent.

Below are key trading ideas for today's trade: 

SREI Infra (Buy)

Target: Rs 86
Stoploss: Rs 82

• Pullback in the stock for last two sessions
• The stock settled at day's high in previous session

PVR (Buy)

Target: Rs 1390
Stoploss: Rs 1350

• IMAX Corporation and PVR announced an agreement for five new IMAX theatres
• The agreement is for five years

Guj Sidhee Cem (Buy)

Target: Rs 33.5
Stoploss: Rs 31

• Introduced a power plant of 5.5 MW
• Strong support at 200-DEMA
• The stock is taking support at 200-DEMA for last six days

Hexaware (Sell)

Target: Rs 335
Stoploss: Rs 347

• Profit-booking in midcap IT stocks
• The stock settled below 20 and 50-DMA

Ujjivan (Buy)

Target: Rs 387
Stoploss: Rs 371

• Buying in NBFCs
• Fears of rate hike in US subsided

• Buying in auto ancillaries 
• The stock settled above 20-DMA on daily chart

• Buying in auto ancillaries 
• Buying witnessed in last half an hour

• Buying in futures market
• OI surged by 12 per cent; buying witnessed for last three days

• Buying in auto ancillaries
• The stock didn't break below 20-DMA in recent fall

• Buying in realty shares
• Short-covering to support realty shares in today's session

(The stocks mentioned here for informational purpose. Consult your financial advisor before investing.)