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