FAST MONEY: Jet Airways, Asian Paints among key intraday buy calls

The Sensex and Nifty are expected to open higher on Thursday after global markets recovered slightly as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the US-China trade war jolted investor sentiment. At 8:00 am, SGX Nifty was trading at 10,975, up 27.50 points or 0.25 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.05 per cent. The index slumped 1 per cent on Wednesday along with a slide in global equities after US President Donald Trump’s threat to imposing tariffs on another $200 billion of Chinese goods deepened the trade row between the world’s two largest economies.

Hong Kong’s Hang Seng rose 0.2 per cent and the Shanghai Composite Index bounced 1.1 per cent. Australian stocks rose 0.7 per cent, South Korea’s KOSPI added 0.35 per cent and Japan’s Nikkei gained 1.1 per cent.

Here are key intraday trading tips:

Jet Airways (Buy)

Target: Rs 346
Stoploss: Rs 336

Brent crude slipped 6.9% to below $73.5 per barrel
Crude falls most since February 2016
WTI crude slipped 5% to trade near $70

HPCL (Buy)

Target: Rs 272
Stoploss: Rs 263

Brent crude slipped 6.9% to below $73.5 per barrel
Crude falls most since February 2016
WTI crude slipped 5% to trade near $70

GP Petro (Buy)

Target: Rs 83
Stoploss: Rs 76

Brent crude slipped 6.9% to below $73.5 per barrel
Crude falls most since February 2016
WTI crude slipped 5% to trade near $70

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ITI (Buy)

Target: Rs 100
Stoploss: Rs 95

Telecom Commission approved Trai recommendations on Net Neutrality
service providers can't discriminate against Internet content and services

Asian Paints (Buy)

Target: Rs 1382
Stoploss: Rs 1352

Heavy selling in global markets in crude oil
Paint stocks will remain in focus

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