Sensex surges over 100 points after a weak start: Top 20 trading ideas - Economic Times

NEW DELHI: The S&P BSE Sensex was trading in a narrow range with a positive bias on Monday, led by gains in Reliance Industries, ITC, ONGC and TCS.

Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 6700 in trade today, supported by gains in Reliance Industries, Jindal Steel, BPCL, IndusInd Bank and ONGC.

According to analysts, the market is likely to remain choppy ahead of the elections results on May 16.

At 1:50 pm, the Sensex was at 22,570.75; up 166.86 points. The 50-stock Nifty was at 6,734.10; up 39.30 points.

The Nifty was at 6,700.90, up 6.10 points or 0.10 per cent. It touched a high of 6,732.05 and a low of 6,680.45 in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Jain Irrigations Ltd is a 'BUY' call with a target of Rs 94 and a stop loss of Rs 80

Reliance Industries Ltd is a 'BUY' call with a target of Rs 970 and a stop loss of Rs 937

IOC is a 'BUY' call with a target of Rs 282 and a stop loss of Rs 268

Apollo Hospitals Ltd is a 'BUY' call with a target of Rs 965 and a stop loss of Rs 920

Mitesh Thacker of miteshthacker.com

TCS Ltd is a 'BUY' call with a target of Rs 2275 and a stop loss of Rs 2200

Tech Mahindra Ltd is a 'BUY' call with a target of Rs 1900 and a stop loss of Rs 1824

United Breweries Ltd is a 'SELL' call with a target of Rs 740 and a stop loss of Rs 791

Jain Irrigations Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 84

Sandeep Wagle, Founder & CEO, Power My Wealth

Apollo Hospitals Ltd is a 'BUY' call with a target of Rs 970 and a stop loss of Rs 925

ONGC is a 'BUY' call with a target of Rs 347 and a stop loss of Rs 332

Sun TV Ltd is a 'SELL' call with a target of Rs 357 and a stop loss of Rs 372

Prakash Gaba, CFT, prakashgaba.com

Axis Bank Ltd is a 'BUY' call with a target of Rs 1585 and a stop loss of Rs 1523

OBC is a 'BUY' call with a target of Rs 265 and a stop loss of Rs 251

RIL Ltd is a 'BUY' call with a target of Rs 970 and a stop loss of Rs 940

Manish Hathiramani, Proprietary Trader & Technical Analyst, Deen Dayal Investments

Maruti Suzuki Ltd is a 'SELL' call with a target of Rs 1850 and a stop loss of Rs 1950

HPCL is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 298

Reliance Communications Ltd is a 'SELL' call with a target of Rs 115 and a stop loss of Rs 125

Ashish Chaturmohta, Head Technical & Derivatives Desk Research, Fortune Equity Brokers (India) Ltd

Apollo Hospitals Ltd is a 'BUY' call with a target of Rs 1020 and a stop loss of Rs 910

ONGC Ltd is a 'BUY' call with a target of Rs 355 and a stop loss of Rs 329

Tech Mahindra Ltd is a 'BUY' call with a target of Rs 1920 and a stop loss of Rs 1820

(Views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)

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