FAST MONEY: Kaveri Seed, Lovable among key intraday trading ideas

The Sensex and Nifty are expected to open lower on Friday tracking negative trend in Asian markets amid fragile market sentiment after US President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue. SGX Nifty was trading flat this morning on Singapore Stock Exchange.

Back home, Tech Mahindra, Sun Pharma, Bank of Baroda, IDBI Bank, BEML, NBCC, Cadila Healthcare and Lemon Tree, among others are scheduled to report their quarterly numbers during the day.

Overseas, MSCI's broadest index of Asia-Pacific shares outside Japan ticked down. South Korea's Kospi fell 0.65 per cent. Japan's Nikkei fell 0.3 per cent.

On Wall Street, the S&P 500 ended 0.2 per cent lower on Thursday, though it clawed back a large part of its earlier loss of 0.95 per cent.

We have compiled key intraday trading ideas:

Buy Cox & king  

Target: Rs 214    
Stoploss: Rs 205

The company expected to turn profitable with Rs 75 crore profit
Forex business could be listed separately

Buy Kaveri Seed  

Target: Rs 530   
Stoploss; Rs 500

Buyback approved at Rs 675 per share 
The buyback is at 33 per cent premium to CMP

Buy IOC   

Target: Rs 162   
Stoploss: Rs 154

OMCs may not be told to bear rising oil burden
The stock recovered with heavy volumes in last hour of trade

Gujarat Alkali   

Target: Rs 640   
Stoploss: Rs 614

Profit now at Rs 221 crore from rs 87 crore earlier
Income at Rs 697 crore from Rs 531 crore earlier; cash delivery 53%

WATCH ZEE BUSINESS VIDEO HERE

Buy Lovable   

Target: Rs 158   
Stoploss: Rs 151

The company look set to turn profitable in Q4
Debt-free firm; demand soaring consistently

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