FAST MONEY: GM Breweries, Colgate among top intraday trading ideas for today

The Sensex and Nifty are expected to open lower on Wednesday tracking Asian markets, which opened on shaky ground while the Chinese yuan stood near 11-month lows as the specter of a Sino-US trade war haunted investors ahead of an end-of-week deadline for US tariffs on billions of dollars worth of Chinese imports.

At 7:50 am, SGX Nifty was trading at 10,723, down 9.50 per cent or 0.09 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, a day after it hit a nine-month low. Japan’s Nikkei lost 0.5 percent. Wall Street dropped on Tuesday, giving up early gains in a truncated session ahead of the Independence Day holiday on Wednesday.

Here are key intraday trading tips:

GM Breweries 

Target: Rs 950 
Stoploss: Rs 900 

The company's results due on July 5; profit expected to double
40% cash delivery in the stock

Automotive Stamping

Target: Rs 62
Stoploss: Rs 54  

Automotive Stamping can be merged into Tata Motors
Tata Motors owns 75 per cent stake in the company

SRF

Target: Rs 1700
Stoploss: Rs 1640 

Short-covering seen in the stock; base seen at Rs 1,625
Q1FY19 results to be better than previous quarter

Prakash Industries 

Target: Rs 152
Stoploss: Rs 143 

The company can demerge its PVC pipe business
Q1FY19 results scheduled on July 10; profit may jump by 150%

WATCH ZEE BUSINESS VIDEO HERE

Colgate

Target: Rs 1180 
Stoploss: Rs 1145 

Jefferries expects positive Q1FY19 fpr FMCG firms
60% cash delivery in the stock
 
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)