'BUY' or 'SELL' ideas from experts for Thursday, 13 April 2017
NEW DELHI: Domestic equity markets are expected to open lower on Thursday, following a weak trend seen in other global markets.
Nifty50 formed a “Bearish” candle on Wednesday but the intraday fall was mostly bought into. While the index breached its five-day exponential moving average (EMA) and made a new swing low of 9,161.80, it respected its 13-day EMA to settle above the 9,200-mark.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Siddharth Bhamre, independent market expert
Glenmark is a 'Buy' call with a target of Rs 922 and a stop loss of Rs 869
Suzlon is a 'Buy' call with a target of Rs 24 and a stop loss of Rs 19
Kunal Bothra, independent market expert
ACC is a 'Buy' call with a target of Rs 1550 and a stop loss of Rs 1465
CK Narayan , Founder, Chart Advise
Reliance Infra is a 'Sell' call with a target of Rs 550 and a stop loss of Rs 570
Bata India is a 'Buy' call with a target of Rs 585 and a stop loss of Rs 562
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned)
Nifty50 formed a “Bearish” candle on Wednesday but the intraday fall was mostly bought into. While the index breached its five-day exponential moving average (EMA) and made a new swing low of 9,161.80, it respected its 13-day EMA to settle above the 9,200-mark.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Siddharth Bhamre, independent market expert
Glenmark is a 'Buy' call with a target of Rs 922 and a stop loss of Rs 869
Suzlon is a 'Buy' call with a target of Rs 24 and a stop loss of Rs 19
Kunal Bothra, independent market expert
ACC is a 'Buy' call with a target of Rs 1550 and a stop loss of Rs 1465
CK Narayan , Founder, Chart Advise
Reliance Infra is a 'Sell' call with a target of Rs 550 and a stop loss of Rs 570
Bata India is a 'Buy' call with a target of Rs 585 and a stop loss of Rs 562
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned)
