Indian stock markets are likely to rebound on Friday and rumour-based profit booking in second half of trade on Wednesday sent high beta stocks lower. Positive global cues & weakness in oil is likely to boost sentiment.
The Nifty is critically poised at 6,700 levels and should see consolidation today. With foreign flows turning positive and rupee strengthening, expect a gradual up move in markets from today.
Weak oil prices, IMF funding for Ukraine should see improvement in geo-political risk.
These three pair trades in oil marketing companies, banks and auto should work for investors today.
Trading calls for today:
Longs:
1. Buy BPCL: 454, stop loss 446, target 480
2. Buy Tata Motors: 414, stop loss 406, target 432
3. Buy SBI: 2075, stop loss 2045, target 2145
Shorts:
1. Sell ONGC: 326, stop loss 333, target 310
2. Sell Maruti Suzuki: 1925, stop loss 1955, target 1850
3. Sell HDFC Bank: 723, stop loss 732, target 690
Investment call:
Buy Vijaya Bank: 40, 3 month target 55 (Why: The stock has underperformed because of a rise in NPAs & asset impairment. However, it has a dividend yield of 6.5 per cent and has shown strength in terms of net interest income and credit growth. The stock will do better once interest rate scenario changes.)
RESULT
Maruti Suzuki, M&M Shares Fall After April Sales Disappoint. Maruti, Toyota, M&M Sales Drop in April; Hyundai, Honda Up. Celerio a Bright Spot for Maruti
Sell Maruti Suzuki, buy ICICI Bank today: Sanjeev Bhasin ...
Maruti Suzuki, State Bank of India, ICICI Bank, buy Axis Bank today: Sanjeev Bhasin. Sell Infosys, former SBI CFO. 6:45. Maruti, Tata Motors,
Tata Motors: Latest News, Photos, Videos on Tata Motors ...
Buy Tata Motors, SBI; Sell Maruti Suzuki Today: Sanjeev Bhasin. Friday May 2, 2014 Buy Tata Motors, sell Tech Mahindra today: Sanjeev Bhasin. Wednesday April 23, 2014
Violence at Maruti Manesar plant: One dead, 40 injured ...
Buy Tata Motors, SBI; Sell Maruti Suzuki Today: Sanjeev Bhasin; Maruti, Toyota, M&M Sales Drop in April; Hyundai, Honda Up; Celerio a Bright Spot for
Buy Tata Motors or Sell Tata Motors - Stock Architect
manish8888 RT @NDTVProfit: Buy Tata Motors, SBI; sell Maruti Suzuki today: Sanjeev Bhasin http://t.co/6RIg5LSd6W. sell Tech Mahindra today: Sanjeev Bhasin:
Buy Maruti Suzuki or Sell Maruti Suzuki - Stock Architect
_hajmie Buy Maruti Suzuki, sell Infosys today: Sanjeev Bhasin: With the broader market outperforming, AshikOnFire MCLN Buy Maruti Suzuki, Tata Motors:
Sell My Timeshare NOW: Timeshare Resales and Rental ...
Buy Tata Motors, SBI; Sell Maruti Suzuki Today: Sanjeev Bhasin NDTV Sell Maruti Suzuki: 1925, stop loss 1955, target 1850. 3. Sell HDFC Bank: 723,
Sanjeev, Sanjeev News, Sanjeev Movies, Sanjeev Songs ...
IDFC today; buy Bajaj Auto: Sanjeev Bhasin Buy Tata Motors, sell Tech Mahindra today: Buy Maruti Suzuki, sell Infosys today:
SBI up 2%, Ranbaxy & TCS fall 2%; Nifty firmly holds 6500 ...
Tata Steel, buy banking stocks today: Sanjeev buy banking stocks today: Sanjeev Bhasin http://t Maruti Suzuki, Coal India, SBI, ONGC and Tata Power are
Bharti Airtel to raise $400 million in overseas debt ...
Infosys, Tata Motors, Bharti Airtel, Ambuja Cement; sell SBI, PNB: Sanjeev Bhasin; Indian stocks to watch: 'BUY' or 'SELL' ideas from experts for Thursday
