FAST MONEY: Idea, Biocon among 10 Buy and Sell trading ideas for Monday's trade

Sensex today: The benchmark indices are expected to open lower, tracking negative trend in Asian markets as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. All 104 analysts polled by Reuters expected the Fed would raise rates to between 1.5 percent and 1.75 percent on Wednesday.

At 8:25 am, SGX Nifty was trading at 10,223, up 11 points or 0.11 per cent. 

After pulling out massive funds from Indian equities last month, overseas investors have pumped in nearly Rs 6,400 crore in the segment in March so far on expectations of rebound in corporate earnings and easing of global oil prices. However, they pulled out over Rs 10,600 crore from the debt markets during the month, depositories data showed. 

Overseas, among Asian markets, Japan's Nikkei extended early losses to drop 1.3 per cent as exporters were undermined by recent broad-based gains in the yen. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 per cent, while Australia's main index lost 0.2 per cent.

The pain was not confined to Asia, with the June contract for E-Minis futures on the S&P 500 down 0.3 percent and FTSE futures off 0.4 percent.

While Wall Street had bounced on Friday, the major indices still ended lower for the week. The Dow lost 1.57 per cent, the S&P 1.04 per cent and the Nasdaq 1.27 per cent.

Below are the key intraday tips for Monday's trade:

(BUY) VICEROY HOTEL

Target: 16.50
Stoploss: Rs 15.20
CMP: Rs 15.60

Rally expected in hotel shares
The stock is above 50-DMA, following four-session rally

(BUY) IDEA CELLULAR

Target: Rs 83
Stoploss: Rs 80 
CMP: Rs 80.75

Telecom stocks showed positive trend in previous session
Positive cues from futures trade too

(BUY) PIDDILTIE IND 

Target: Rs 930
Stoploss: Rs 905 
CMP: Rs 915

Positive cues from futures trade
The stock remained strong amid broader market correction 

(SELL) BPCL 

Target: Rs 430
Stoploss: Rs 452 
CMP: Rs 447.45

The stock fell sharply in the previous session
The stock trading weak on short-term chart; selling in futures trade

(BUY) 63 MOONS TECH 

Target: Rs 128
Stoploss: Rs 105 
CMP: Rs 108.55

Buying with four times higher volumes against average 
The stock is trading above all moving averages on daily chart

(SELL) NCC 

Target: Rs 118
Stoploss: Rs 124 
CMP: Rs 122.5

Selling in stock for last two days
The stock slipped 4% in last two days 

(SELL) GODFREY PHILLIPS INDIA 

Target: Rs 845
Stoploss: Rs 885 
CMP: Rs 876.6

The stock ended below 30-DEMA on daily chart
The stock slipped in last half an hour of trade

(SELL) PERSISTENT SYSTEMS 

Target: Rs 790
Stoploss: Rs 824 
CMP: Rs 816

The stock is trading below all moving averages on hourly chart
The stock hits its lowest since Feb 23.

(BUY) BIOCON 

Target: Rs 603
Stoploss: Rs 580 
CMP: Rs 586.3

The stock recovered in last hour of trade
The stock may rally more if it crosses Rs 590

(BUY) GM BRE 

Target: Rs 1030
Stoploss: Rs 980 
CMP: Rs 991
The stock looks strong after 10-day consolidation
Buying with heavy volumes in last three days

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