Sensex today: The benchmark indices on Tuesday are expected to open higher tracking positive trend in Asian markets which firmed slightly with technology stocks resilient after generally upbeat earnings despite weakness in the global smartphone market and concerns about more regulation. At 8:40 am, SGX Nifty was trading at 10,767.50, up 21.50 points or 0.20 per cent. 

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Oil prices retreated from three-and-a-half-year highs as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on Iran. US West Texas Intermediate (WTI) crude futures fell 63 cents, or 0.9 per cent, to $70.10 a barrel. At one point they fell below $70, after settling above that level for the first time since November 2014 on Monday. Brent crude futures were down 53 cents, or 0.7 per cent, at $75.64, having jumped 1.7 per cent to settle at $76.17 a barrel in the previous session.

Among Asian markets, MSCI's broadest index of Asia-Pacific shares outside Japan  gained 0.2 per cent, with information technology shares rising 0.4 per cent. Japan's Nikkei was almost flat.

On Wall Street on Monday, the S&P 500 gained 0.35 per cent, boosted by Apple's sixth straight day of gains.

On Tuesday, the Sensex ended at 35,208, up 292.76 points, while the broader Nifty50 settled at 10,715, up 97.25 points. In the broader market, the BSE Midcap gained 0.5 per cent, while the BSE Smallcap added 0.6 per cent.  In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 635.24 crore, while the domestic institutional investors purchased stocks worth Rs 1,037.23 crore.

Here are key intraday trading tips:

Buy Federal bank  

TGT: Rs 105 
SL: Rs 99.5

The bank expected to report lower NPAs and higher profit
Breakout at 101 level happened yesterday

BUY Union bank   

TGT: Rs 98 
SL: Rs 90

Union Bank to report robust quarter, says Citi
Profit expected to grow by 100% QoQ, YoY 

Buy Aditya Birla Capital 

TGT: Rs 165 
SL: Rs 155

Improvement expected in Q4 results 
The stock may gain momentum after a prolonged rangebound move

Buy HBL Power  

TGT: Rs 54 
SL: Rs 45

Defence orders going up
Order supply improved in Germany
Q4 results for battery companies have been better

Buy Meghmani Organics 

TGT: Rs 118 
SL: Rs 110 

Big breakout in the stock yesterday
Buying in chemical stocks ahead of results 

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