FAST MONEY: Petronet LNG, REC among six Buy calls for today's trade

The benchmark indices are expected to open flat on Thursday tracking negative trend in Asian markets after the US Federal Reserve raised interest rates on Wednesday and forecast two more hikes for 2018 in its first policy meeting under new Fed Chairman Jerome Powell. At 8:35 am, SGX Nifty, Nifty futures being traded on Singapore Stock Exchange, was trading at 10,196, up 17.50 points or 0.17 per cent. 

Worries about a potential trade war between China and the United States kept gains in Asian shares in check. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with South Korea's Kospi hitting six-week high, while Japan's Nikkei gained 0.2 percent in early trade.

The US Federal Reserve raised interest rates on Wednesday and forecast two more hikes for 2018 in its first policy meeting under new Fed Chairman Jerome Powell.

Given some investors had expected it to project three more rate hikes, the guidance was perceived by some as less hawkish than anticipated, a positive factor for risk asse

The Wall Street stock index ended the day lower, with the S&P 500 losing 0.18 percent the Nasdaq Composite 0.26 percent.

Here are key trading ideas for Thursday's trade:

(BUY) PETRONET LNG 

Target: Rs 242
Stoploss: Rs 232 
CMP: Rs 235

Govt making comprehensive plan to use LNG in railways
Demand of LNG is going to rise in a big way. 

(BUY) REC

Target: Rs 135
Stoploss: Rs 128 
CMP: Rs 130.35

Short-covering expected in stock
Short-covering seen in futures trade

(BUY) BANK OF INDIA 

Target: Rs 106
Stoploss: Rs 102 
CMP: Rs 103.70

Banking stocks expected to recover
Selling reduced in futures trade

(BUY) LARSEN & TOURO INFOTECH 

Target: Rs 1370
Stoploss: Rs 1340 
CMP: Rs 1352

Buying at lower levels 
66% delivery volume seen in last five days

(BUY) GARDEN SILK MILLS

Target: Rs 35
Stoploss: Rs 33 
CMP: Rs 33.35

Relief package announced for silk sector
Rs 2,161 crore relief package for the sector

(BUY) DEWAN HOUSING 

Target: Rs 535
Stoploss: Rs 517 
CMP: Rs 520

Selling reduced in futures trade
Pullback expected on account of short-covering

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