The Sensex and Nifty are expected to open lower on Friday tracking Asian markets which wobbled as investors braced for US tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

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At 8:00 am, SGX Nifty was trading at 10,797, down 18 points or 0.17 per cent.

US President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting $50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

The Asia Pacific MSCI index edged down 0.2 per cent, with most regional markets shrugging off a strong close on Wall Street. But Japan’s Nikkei average added 0.5 per cent.

Here are five intraday trading ideas:

1) PVR (Buy)

Target: Rs 1465
Stoploss: Rs 1410

Race 3 is due to release today
The company expected to report robust earnings in June quarter

2) ACC (Sell)

Target: Rs 1270
Stoploss: Rs 1320

Nitin Gadkari makes big accusation cement firms
Cement companies have formed cartels

3) Sun Pharma (Buy)

Target: Rs 575
Stoploss: Rs 555

Sensex reconstitution to come into effect from June 18.
Sun Pharma to be only pharma stock on Sensex

4) Vedanta (Buy)

Target: Rs 247
Stoploss: Rs 238

Sensex reconstitution to come into effect from June 18.
Vedanta to be included on Sensex

WATCH ZEE BUSINESS VIDEO HERE

5) Adani Enterprises (Buy)

Target: Rs 138
Stoploss: Rs 133

Import duty up on refined oils
Now import duty is 45% on refined oils
The company runs a famous oil brand Fortune

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