FAST MONEY: Hindustan Zinc, Shalby among top ten intraday trading calls

The benchmark indices are expected to open higher in trade on Thursday tracking positive trend in Asian markets where resource stocks were on a roll as oil prices hit heights not seen since late 2014. At 8:35 am, SGX Nifty was trading at 10,591.50, up 37 points or 0.35 per cent.  Brent crude futures climbed another 34 cents in early trade to $73.82 a barrel, adding to a 2.7 per cent jump overnight. US crude gained 30 cents to $68.77.

The surge came on a Reuters report that OPEC’s new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement’s original target is within sight.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 per cent, while E-Mini futures for the S&P 500 edged up 0.1 per cent. Wall Street had also seen hefty gains in the energy and industrial indexes, though that was offset by softness in sectors such as consumer staples and financials.

The Dow ended down 0.16 percent, while the S&P 500 gained 0.08 per cent and the Nasdaq 0.19 per cent.

On Wednesday, the Sensex ended at 34,331, down 63.38 points, while the broader Nifty50 closed at 10,537, down 11.10 points. In the broader market, the BSE Midcap remained little changed, while BSE Smallcap shed 0.3 per cent.

Meanwhile, foreign institutional investors sold scrips worth Rs 915.71 crore, while the domestic institutional investors bought stocks worth Rs 869.70 crore, provisional data with the exchanges showed.

Here are top intraday trading calls:

1. V Guard (Buy)

Target: Rs 250
Stoploss: Rs 241

Buying with heavy volumes in last hour of trade 
OI increased 24 per cent in futures trade

2. Vedanta (Buy)

Target: Rs 300
Stoploss: Rs 290

Metal prices soared in global markets
Higher metal prices benefit company's profit

3. Hindustan Zinc (Buy)

Target: Rs 335
Stoploss: Rs 320

Zinc prices jumped 3% in international market
Higher zinc prices benefit company's profit

4. HDFC Std Life (Buy)

Target: Rs 501
Stoploss: Rs 488

Premium income up 24 per cent to Rs 8900 crore from Rs 7178 crore YoY
Profit up 40 per cent to Rs 347 crore from Rs 247 crore YoY

5. Greaves Cotton (Buy)

Target: Rs 129
Stoploss: Rs 123

The stock surged after two-month fall
The stock to trade strong today

6. Heideleberg Cement (Buy)

Target: Rs 160
Stoploss: Rs 152

Cement sector to gain momentum post ACC results
Q4 numbers to come in positive

7. Oil Country (Buy)

Target: Rs 32
Stoploss: Rs 29.5

Crude prices surged 3% in yesterday's trade
Higher crude prices benefit the company

8. Shalby (Buy)

Target: Rs 232
Stoploss: Rs 224

Elara Capital suggested 'buy' on the stock
Target seen at Rs 275: Elara

9. Apollo Hospita (Sell)

Target: Rs 1040
Stoploss: Rs 1085

Selling intensified in last hour of trade
OI up 10 per cent in futures trade

10. Trigyn Technologies (Buy)

Target: Rs 143
Stoploss: Rs 137

Company received an order from US
IT services order for three years

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