United Spirits, Wockhardt among top intraday trading ideas for today

The Sensex and Nifty are expected to open on a flat note on Monday, tracking muted trend seen in Asian markets after stocks slipped on fears of further trade protectionist measures. At 8:00 am, SGX Nifty was trading at 11,039.50, up 18.50 point or 0.17 per cent.

Asian stocks followed that lead on Monday with Japan’s Nikkei stumbling 0.9 percent. Australian shares were off 0.1 percent while the New Zealand market was down 0.4 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up a touch waiting for other markets to open.

Here are top intraday trading ideas for today:

Dr Reddy's

Target: Rs 2100
Stoploss: Rs 2030

The pharma major expected to report good results on July 26
The stock quiting at cheap valuations after steep fall

United Spirits  

Target: Rs 580
Stoploss: Rs 560

Profit expected to surge to Rs 165 crore from Rs 64 crore earlier
Margin expected at 13% from 8% earlier thanks to fall in molasses prices

Srei Infra

Target: Rs 60 
Stoploss: Rs 52 

The stock is under physical settlement series
The stock is trading near its year-low; short-covering expected

Granules India 

Target: Rs 95
Stoploss: Rs 89

Buying with heavy volumes in last hour of trade on Friday
Strong Q1 results expected; the stock is under physical settlement series too

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Wockhardt

Target: Rs 585
Stoploss: Rs 555

The stock had just 11% cash delivery
Stock under physical settlement series too
The stock is trading near its year-low; short-covering expected

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)