Indian Indices are likely to remain range-bound in trade on Wednesday amid cautious trades in global markets and rising crude oil prices. Asian shares also got off to a cautious start, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance.
On Tuesday, the Sensex ended up 268.40 points at 38,363.47, while Nifty was up 70.20 points at 11,532.40 amid sustained buying in broader markets, banking and IT stocks.
Sudarshan Sukhani is positive on Infosys, Tata Chemicals and Hindustan Unilever, while, recommends selling Bharat Forge and Castrol India. Mitessh Thakkar has a buy call on Engineers India, GSFC, Bharti Infratel, and ITC. Prakash Gaba prefers Century Textiles and Seimens.
Here's what top market experts are recommending today:
Sudarshan Sukhani - s2analytics.com
- Buy Hindustan Unilever with a stop loss of Rs 1,685, target at Rs 1,715
- Buy Tata Chemicals with a stop loss of Rs 581, target at Rs 605
- Buy Infosys with a stop loss of Rs 712, target at Rs 735
- Sell Castrol India with a stop loss of Rs 161, target at Rs 152
- Sell Bharat Forge with a stop loss of Rs 521, target at Rs 498
Mitessh Thakkar - mitesshthakkar.com
- Buy Engineers India with a stop loss of Rs 114, target at Rs 125
- Buy Bharti Infratel with a stop loss of Rs 320, target at Rs 342
- Buy GSFC with a stop loss of Rs 103, target at Rs 111
- Buy ITC with a stop loss of Rs 295, target at Rs 309
Prakash Gaba - prakashgaba.com
- Buy Century Textiles with a stop loss of Rs 890, target at Rs 940
- Buy GSFC with a stop loss of Rs 103, target at Rs 110-113
- Buy Siemens with a stop loss of Rs 1,030, target at Rs 1,080
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