FAST MONEY: Delta Corp, IndiGo among top ten intraday trading tips

Sensex today: The benchmark indices are expected to open lower on Tuesday tracking Asian markets which slipped and the US dollar advanced as a deluge of US government debt this week and the specter of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 per cent. Japan's Nikkei rose 0.7 per cent thanks to fall in the yen.

US bond prices have fallen for the past four days, pushing up the 10-year yield to 2.998 per cent, its highest level since January 2014. Inflation worries are also mounting as oil and commodity prices have been rising in recent weeks. Investors are concerned that US inflation, long subdued since the financial crisis a decade ago, could gain momentum as President Donald Trump’s tax cuts this year could stimulate an economy already near or at full employment.

Overnight, Wall Street ended mixed. The Dow Jones Industrial Average fell 14.25 points, or 0.06 per cent, to 24,448.69, the S&P 500 gained 0.15 points, or 0.01 per cent, to 2,670.29 and the Nasdaq Composite dropped 17.53 points, or 0.25 per cent, to 7,128.60.

On Monday, The Sensex ended at 34,450, up 35.19 points, while the broader Nifty50 closed at 10,584, up 20.65 points.

In the broader market, the BSE Midcap and the BSE Smallcap indices soared 0.5 per cent each. Market breadth, indicating the overall health of the market turned positive. On the BSE, 1,391 stocks rallied, 1,293 stocks declined, while 163 stocks remained unchanged.  

Provisional data with the exchanges showed that foreign institutional investors sold scrip worth Rs 259.08 crore, while the domestic institutional investors purchased stocks worth Rs 387.26 crore.

Here are key intraday trading tips:

Delta Corp 

Tgt: Rs 310 
SL: Rs 280

Profit at Rs 45.2 crore from Rs 11.4 crore
Income at Rs 172 crore from Rs 108 crore
Casino, online gaming led to better income

GNFC 

Tgt: Rs 445 
SL: Rs 425

Profit at Rs 329 crore from Rs 238 crore
Income at Rs 1815 crore from Rs 1410 crore

Hindalco (Sell) 

Tgt: Rs 240 
SL: Rs 258

Aluminium prices slipped 7%
Profit-booking possible after recent rally 

Bharat Financial 

Tgt: Rs 1190 
SL: Rs 1148 

Company back in green on profit
Profit at Rs 210 crore from Rs 234 crore losses
Income at Rs 590 crore from Rs 409 crore

Geojit Financial Services

Tgt: Rs 112 
SL: Rs 105

The company may enter into AMC business
The comany soon to seek Sebi approval
 
NALCO (Sell) 

Tgt: Rs 81.50 
SL: Rs 85.50

Aluminium prices slipped 7% 
Profit-booking possible after recent rally 

Dolphin Offshore 

Tgt: Rs 100 
SL: Rs 92.50

Higher crude prices to benefit the firm
Earnings to improve in Q4

BPCL (Sell) 

Tgt: Rs 365 
SL: Rs 385

Crude at December 2014 peak
Crude trades near $75, WTI $69

IndiGo (Sell) 

Tgt: Rs 1445 
SL: Rs 1500

Q4 earnings may take a hit on the back of higher crude
48-55 per cent cost on crude

Prime Focus 

Tgt: Rs 100

SL: Rs 92

Numbers have been improving for the company
Losses reduced 70% in last four quarters

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