FAST MONEY: Nestle, Titan among key intraday trading calls for today

Sensex today: The benchmark indices are expected to open higher on Friday tracking firm trend in Asian markets as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year. At 8:40 am, SGX Nifty was trading at 10,792, up 60.50 points or 0.56 per cent. 

Stock-specific actions will take centrestage as PC Jeweller, Fortis Healthcare and Titan stocks will remain in focus, while Allahabad bank, Canara Bank, Sun TV, Tata Global Beverages, UCO Bank, Dena Bank, Gillette, Gujarat Gas, Havells India, Khadim, and NDTV are among key companies that will report their March quarter earnings during the day. 

Overseas, MSCI’s broadest index of Asia-Pacific shares outside Japan rose for a second straight session to near three-week highs. Japan’s Nikkei climbed 0.7 per cent while South Korea’s KOSPI added 0.6 per cent. Australian and New Zealand shares were both up 0.2 per cent.

On Wall Street, the Dow rose 0.8 per cent, the Nasdaq Composite gained 0.89 per cent and the S&P 500 rose 0.9 per cent, surging past key resistance of 2,717 points.

Here are key intraday trading ideas for today's trade:

Nestle (Buy)

Target: Rs 9100
Stoploss: Rs 8950

Target at Rs 11,000: Credit Suisse
Net sales up 10.6 per cent at Rs 2757 crore
Ebitda up 34.6 per cent at Rs 697 crore
Ebitda Margin at 25.3 per cent
Net profit up 38 per cent at Rs 424 crore

Titan (Buy)

Target: Rs 988
Stoploss: Rs 969

Profit jumped 40% to Rs 282 crore from Rs 200 crore (YoY)
EBITDA at RS 454 crore from Rs 272 crore (YoY)
Margin came in at 10.6 per cent from 7 per cent (YoY)
Income at Rs 3920 crore from Rs 3540 crore

Magma Fincorp (Buy)

Target: Rs 178
Stoploss: Rs 171

Reliance Cap, HDFC Standard bought stakes in the company
Total 54 lakh shares have been bought

WATCH ZEE BUSINESS VIDEO FOR 20 INTRADAY TRADING TIPS

Buy D-Mart

Target: Rs 1480
Stoploss: Rs 1448

Sharp jump in stock despite Citi's Sell call
Buying momentum may continue today as well

Sell Exide Industries

Target: Rs 252
Stoploss: Rs 262

The stock is trading weak on all moving averages
Fresh selling signals in May F&O trades

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