FAST MONEY: Cadila, HCL Tech among 20 intraday trading ideas

The Sensex and Nifty are expected to extend losses on Friday after Asian shares came under pressure on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output.

At 8:50 am, SGX Nifty was trading at 10,713, down 20 points or 0.19 per cent.

On Thursday, The Sensex ended at 35,432, down 114.94 points, while the broader Nifty50 settled at 10,741, down 30.95 points. The BSE Midcap slipped 0.5 per cent, while the BSE Smallcap index dipped 0.8 per cent.

Provisional data with exchanges showed that foreign institutional investors bought scrip worth Rs 1,126.75 crore and the domestic institutional investors bought stocks worth Rs 663.57 crore.

Here are intraday buy and sell ideas:

Thyrocare (Buy)  

TGT: Rs 610 
SL: Rs 575 

Proposat to double business expansion approved
Margin 41%, and the company is debt-free

HCL Tech (Buy)

TGT: Rs 912 
SL: Rs 895 

The company entered into a deal with Nokia
The deal has been done for improvising IT infra and application

Magma Fincorp (Buy)

TGT: Rs 175 
SL: Rs 162 

The company has a meeting with big shareholders on June 26
Buying with heavy volumes in the previous session

WATCH VIDEO FOR 20 INTRADAY TRADING IDEAS

UPL (Sell) 

TGT: Rs 630 
SL: Rs 650 

The stock is trading near year-low
Valuations are expensive for the stock

Cadila (Buy)

TGT: Rs 422 
SL: Rs 407

The stock held strong amid broader market fall

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