FAST MONEY: Phoenix Mills, Biocon among 20 intraday money-making ideas
S&P500 mini futures fell as much as 0.5 per cent in early trade while MSCIs broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent. Japans Nikkeilost 0.4 percent.
The Sensex and Nifty are expected to open lower as Asian shares got the week off to a cautious start amid lingering concerns about escalating trade frictions between US and China. At 7:50 am, SGX Nifty was trading at 10,802, down 53.50 points or 0.49 per cent.
S&P500 mini futures ESc1 fell as much as 0.5 per cent in early trade while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent. Japan's Nikkeilost 0.4 percent. The falls were triggered by a report from Wall Street Journal that US President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.
Meanwhile US oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production.
Here are key intraday trading tips:
Selan Exploration (Buy)
Target: Rs 196
Stoploss: Rs 188
OPEC countries agreed on increasing oil output by 10 lakh per barrel
Brent prices rallied 3.5% to cross $75 on Friday
WTI rose 4.6% to cross $68.5
Crude jumped most on Friday since Nov 2016
Dolphin Offshore (Buy)
Target: Rs 68
Stoploss: Rs 64
OPEC countries agreed on increasing oil output by 10 lakh per barrel
Brent prices rallied 3.5% to cross $75 on Friday
WTI rose 4.6% to cross $68.5
Crude jumped most on Friday since Nov 2016
Biocon (Buy)
Target: Rs 645
Stoploss: Rs 625
Biocon received EIR from USFDA
Bangaluru's sterlite unit received EIR
EIR: Establishment Inspection Report
WATCH ZEE BUSINESS VIDEO FOR 20 INTRADAY TRADING TIPS
Dr Reddy's (Sell)
Target: Rs 2305
Stoploss: Rs 2345
The company lost legal battle on a patent
The patent issue involved Eli Lilly over the litigation on Alimta (pemetrexed for injection)
Alimata is a drug meant for the treatment of several types of cancers, in the US.
Phoenix Mills (Buy)
Target: Rs 642
Stoploss: Rs 626
Subsidiary acquired under-construction Retail Development in Indore for Rs 234 crore
This brownfield acquisition will add approx. 1.1 million sq. ft. to PML's retail portfolio
PML will develop this asset as Phoenix MarketCity Indore, the largest retail destination in the city
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
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