FAST MONEY: KEC International, Dewan Housing among top 5 buy and sell ideas for today

The Sensex and Nifty are expected to open lower on Wednesday as Asian markets tumbled after US president Donald Trump imposed tariffs on an additional $200 billion worth of Chinese goods with China’s markets leading the declines, as trade tensions between the world’s two biggest economies continued to deteriorate.

At 7:45 am, SGX Nifty was trading at 10,932.50, down 25.50 points or 0.23 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 per cent. The index had gained for the past two sessions, having enjoyed a lull from the trade war fears that lashed global markets last week. Hong Kong’s Hang Seng slid 2.2 per cent and the Shanghai Composite Index slumped 2.4 per cent.

S&P 500 and Dow futures were down 0.9 percent and 1 percent, respectively, pointing to a lower open for Wall Street later in the day.

South Korea’s KOSPI lost 1.3 percent and Japan’s Nikkei fell 1.8 percent.

Here are key intraday trading tips:

Vedanta (S)

Target: Rs 221
Stoploss: Rs 228

US imposed tariffs on an additional $200 billion worth of Chinese goods
Tariff rate could be 10%
New tariffs will be launched after two-month analysis

Dewan Housing (S)

Target: Rs 602
Stoploss: Rs 614

Sell-off in the stock for third week in a row
Open contracts reduced 2% in futures trade

Take Solutions (B)

Target: Rs 256
Stoploss: Rs 248

Smallcap IT stocks in focus after TCS results
The stock is trading above all key averages 

Bajaj Electricals (B)

Target: Rs 559
Stoploss: Rs 547

Consumer durables, electrical goods shares surged 
The stock looks set to break 5-week trading range

WATCH ZEE BUSINESS VIDEO HERE

KEC International (B)

Target: Rs 348
Stoploss: Rs 333

The company received new orders worth Rs 1357 crore

Rs 1234 crore order for T&D
Rs 123 crore order for cables 

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