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Wednesday, May 7, 2014

Sensex under pressure, Nifty slips below 6700; top 20 trading bets - Economic Times

NEW DELHI: The S&P BSE Sensex plunged by 100 points in trade on Wednesday, led by losses in HDFC, TCS, Infosys, ICICI Bank and Wipro.

Tracking the momentum, the 50-share Nifty index plunged below its crucial psychological level of 6700, weighed down by losses in metal, IT, banks and realty stocks.


At 12:25 a.m.; the 50-share index was trading at 6679.90, down 35.40 points or 0.53 per cent. It touched a high of 6,718.75 and a low of 6672.25 in early trade today.


The S&P BSE Sensex was trading at 22392.67, down 110.46 points or 0.50 per cent. It touched a high of 22,532.82 and a low of 22365.36 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


Adani Ports Ltd is a 'BUY' call with a target of Rs 210 and a stop loss of Rs 190


CESC Ltd is a 'BUY' call with a target of Rs 480 and a stop loss of Rs 454


HDFC Ltd is a 'SELL' call with a target of Rs 845 and a stop loss of Rs 880


Shriram Transport Finance Ltd is a 'SELL' call with a target of Rs 695 and a stop loss of Rs 721


Mitesh Thacker of miteshthacker.com


Biocon Ltd is a 'BUY' call with a target of Rs 500 and a stop loss of Rs 474


Aurobindo Pharma Ltd is a 'BUY' call with a target of Rs 640 and a stop loss of Rs 595


HDFC Ltd is a 'SELL' call with a target of Rs 840 and a stop loss of Rs 885


Sesa Sterlite Ltd is a 'SELL' call with a target of Rs 170 and a stop loss of Rs 183


Sandeep Wagle, Founder & CEO, Power My Wealth


Arvind Ltd is a 'BUY' call with a target of Rs 198 and a stop loss of Rs 185


Bata India Ltd is a 'BUY' call with a target of Rs 1055 and a stop loss of Rs 1005


UPL Ltd is a 'BUY' call with a target of Rs 306 and a stop loss of Rs 285


Prakash Gaba, CFT, prakashgaba.com


IOC Ltd is a 'BUY' call with a target of Rs 282 and a stop loss of Rs 271


IndusInd Bank Ltd is a 'BUY' call with a target of Rs 505 and a stop loss of Rs 486


Siemens Ltd is a 'BUY' call with a target of Rs 710 and a stop loss of Rs 675


Hemen Kapadia,VP, KR Choksey Shares and Securities


Tata Motors Ltd is a 'BUY' call with a target of Rs 426 and a stop loss of Rs 417


IOC Ltd is a 'BUY' call with a target of Rs 279 and a stop loss of Rs 270


PNB Ltd is a 'BUY' call with a target of Rs 796 and a stop loss of Rs 784


Ankit Chaudhary, Senior Tech Analyst, Analyse India


Cadila Healthcare Ltd is a 'BUY' call with a target of Rs 1070 and a stop loss of Rs 970


PFC Ltd is a 'BUY' call with a target of Rs 225 and a stop loss of Rs 185


HDFC Bank Ltd is a 'BUY' call with a target of Rs 760 and a stop loss of Rs 700


(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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