FAST MONEY: PNB, Indiabulls Real Estate among key intraday tips for today's trade

FAST MONEY: PNB, Indiabulls Real Estate among key intraday tips for today's trade
Sell PNB with a stoploss of Rs 116. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Fri, Feb 23, 2018
09:03 am
ZeeBiz WebDesk
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The domestic market is expected to kick off the March series on a positive note, tracking positive trend in Asian markets, which rebounded as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year. 

At 8:25 am, the SGX Nifty, an early indicator of Nifty50's trend in India, was trading at 10,403, up 17.50 points or 0.17 per cent.

Below are the key intraday tips:

1) PNB (SELL)  

Target: Rs 110
Stoploss: Rs 116 
CMP: 114.65

  • Data leak of 10,000 credit and debit card customers
  • Asia Times, Hong Kong-based newspaper reported the news 

2) INDIABULLS REAL ESTATE (BUY)  

Target: Rs 227
Stoploss: Rs 218 
CMP: Rs 220.85

  • UBS Principal bought shares worth Rs 1.61 crore 
  • Bought 3.4 per cent stake for Rs 211 per share
  • Orient Global sold 1.6 lakh shares

3) HOV SERVICES (BUY)  

Target: Rs 278
Stoploss: Rs 270 
CMP: Rs 272.80

  • Momentum in mid and small IT shares
  • The stock settled at day's high

4) UNICHEM LAB (BUY)  

Target: Rs 342
Stoploss: Rs 332 
CMP: Rs 334.55

  • Momentum in mid and small pharma stocks 
  • Robust Q3 numbers, improved delivery volumes  

5) GSNUS PAPER (BUY)

Target: Rs 14.65
Stoploss: Rs 13.80 
CMP: Rs 13.95

  • Company entered into two non-binding MOUs for setting up Kraft Paper manufacturing plants
  • MOUs made with with Government of Maharashtra and Uttar Pradesh
  • To invest Rs 1050 in Maharashtra plant
  • to invest Rs 600 crore in Uttar Pradesh

6) DATAMATICS GLOBAL (BUY) 

  • Momentum in mid and small IT stocks
  • Crossed 100-DEMA, trades near 50-DEMA

7) GSFC (SELL) 

  • The stock is below all moving averages on daily chart
  • Profit-booking for last five sessions

8) SIEMENS (SELL)  

Target: Rs 1150
Stoploss: Rs 1200 
CMP: Rs 1190

  • Sell-off for last two days
  • The stock may fall below its recent low of Rs 1,140

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

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