FAST MONEY: Reliance Industries, TCS among key intraday trading tips

The Sensex and Nifty are expected to open lower tracking negative trend in Asian markets ahead of US Federal Reserve's policy outcome due later today. At 8:00 am, SGX Nifty was trading at 10,822, up 24.50 points or 0.23 per cent.

Asian shares edged slightly lower on Wednesday as investors looked to the Federal Reserve policy decision and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit in Singapore.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 per cent in early trade, giving up the slim gains they made following Tuesday’s meeting between US President Donald Trump and North Korean leader Kim Jong Un.

Japan's Nikkei eked out gains of 0.10 per cent.

On Wall Street, the S&P 500 gained 0.17 per cent, led by a continued rally in technology shares. The Nasdaq Composite added 0.57 per cent, to finish at record low of 7,703.

Here are top intraday trading ideas:

1) Reliance Industries (Buy)

Target: Rs 1015
Stoploss: Rs 992

The company bought 73 per cent stake in AI firm Embibe
AI: Artificial Intelligence
RIL RIL to invest Rs 18 crore in next three years

2) Tata Consultancy Services (Buy)

Target: Rs 1802
Stoploss: Rs 1775

Board meeting due on June 15
Share buyback to be discussed in the meeting

3) Eveready (Buy)

Target: Rs 252
Stoploss: Rs 242

DSP Black Rock Trustee Company acquired 1.44 lakh shares (0.2 per cent) of the company on June 8
Stake sale on behalf of DSP Black Rock Mutual Fund and DSP Black Rock Alternative Investment Fund       
Now stake at 7.56 per cent vs 7.36 per cent

4) KEC International (Buy)

Target: Rs 385
Stoploss: Rs 364

Macquarie initiated coverage on the stock
The brokerage has outperform rating with target price of Rs 454

WATCH ZEE BUSINESS VIDEO HERE

5) Bharat Forge

Target: Rs 662
Stoploss: Rs 645

The company bought 35.26% stake in UK firm Tevva Motors for Rs 90 crore

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