FAST MONEY: YES Bank, Idea Cellular among key intraday trading ideas today

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan’s Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.

Buy Astra Micro with a target price of Rs 105. Image source: Reuters

The Sensex and Nifty are expected to open flat as Asian markets struggled to gain traction on Friday, following a mixed end to Wall Street trade and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe. At 8:00 am, SGX Nifty was trading unchanged at 11,167.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan’s Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.

Here are top intraday trading tips:

Astra Micro

Target: Rs 105
Stoploss: Rs 98

Company's net profit to grow to Rs 16 crore from Rs 4 crore earlier
Q1 Income to get doubled too

Equitas

Target: Rs 146
Stoploss: Rs 138

Q1 earnings due later today; robust quarter expected
Fresh buying in futures trade; cash delivery 51%

Idea Cellular

Target: Rs 60
Stoploss: Rs 56

Buying with heavy volumes in last hour of trade
Fresh buying in August futures

YES Bank

Target: Rs 385
Stoploss: Rs 362