FAST MONEY: Nestle India, Hero MotoCorp among key intraday trading ideas

The Sensex and Nifty are expected to open flat tracking mixed trend in Asian markets as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets.

At 7:50 am, SGX Nifty was trading at 10,659.50, up 9.50 points ot 0.09 per cent. 

The Asia Pacific MSCI index ex-Japan dropped 0.66 percent on early Tuesday trade, while Japan’s Nikkei average was little changed. In China, the Shanghai Composite Index shed 0.23 percent and the blue chip CSI300 index fell 0.19 percent.

The Shanghai bourse hit more than two-year lows on Monday, and the yuan fell amid jitters ahead of a July 6 deadline when the United States is set to impose tariffs on $34 billion worth of goods from China,

Here are top intraday trading ideas:

Shakti Pumps (Buy)

Target: Rs 490
Stoploss: Rs 476

Promoters bought 10,000 shares of the company 
The shares were bought through market purchase on June 29, 2018
Promoters hiked stakes to 2.31% from 2.26% earlier

Nestle India (Buy)

Target: Rs 9820
Stoploss: Rs 9740

The company launched new product in India
The new launch NESPLUS include a range of nutritious and delicious breakfast cereals

Time Technoplast (Buy)

Target: Rs 123
Stoploss: Rs 115

Buying expected after 5-day consistent fall
The stock is trading near its support zone on weekly chart

IOC (Buy)

Target: Rs 158
Stoploss: Rs 151

The stock is trading near its support zone on weekly chart
Buying expected at lower levels

WATCH ZEE BUSINESS VIDEO HERE

Hero Moto (Buy)

Target: Rs 3450
Stoploss: Rs 3400

Hero MotoCorp posted record sales in June at 704,562 unit of motorcycles and scooters.
This translates into a growth of 13% over the corresponding month of the previous fiscal 

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