FAST MONEY: Idea Cellular, Hexaware among top five intraday trading tips

The Sensex and Nifty are expected to open lower on Tuesday tracking negative trend in Asian markets which dipped as the markets took a breather after the previous day’s rally, although tech-inspired Wall Street gains helped limit the losses, with investor focus moving away from trade concerns and back to benign economic fundamentals.

At 7:45 am, SGX Nifty was trading at 10,589.50, down 24 points or 0.23 per cent.

On Monday, the Sensex skidded over 215 points as nervous investors took money off the table amid speculation that the RBI may go for a rate hike this week.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 2,354.03 crore, while domestic institutional investors (DIIs) offloaded equities to the tune of Rs 712.41 crore, as per provisional data.

Here are key intraday trading tips:

Thermax (Buy) 

Target: Rs 1230   
Stoploss: Rs 1085

12 per cent share of total income from environment protection
FIIs and MFs increased stake in the company

L&T (Buy)

Target: Rs 1400   
Stoploss: Rs 1345

Planning to expand cleaning business
The stock held support amid sharp fall in markets otherwise

Hexaware (Buy)

Target: Rs 460  
Stoploss: Rs 440

Fresh buying in stock in last hour of trade
Buying in IT stocks amid weakness in markets otherwise

Sell Amaraja Battery 

The stock trading below all key moving averages
Selling pressure in stock in last hour of trade

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Idea Cellular (Buy)

Target: Rs 66
Stoploss: Rs 62

Received DoT approval to expand FDI limit
FDI limit now 100 per cent from 67.5 per cent earlier
The approval gains significance in backdrop of merger with Vodafone

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