FAST MONEY: Saksoft, Aurobindo Pharma among 10 buy and sell calls for todays trade

The domestic market is expected to open lower, tracking Asian markets, which slipped on Thursday as the risk of faster hikes in US interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar.

At 8:27 am, SGX Nifty, Nifty futures being traded on Singapore Stock Exchange was trading at 10,356, down 46 points or 0.44 per cent. 

1) Saksoft (Buy)

Target: Rs 252
Stoploss: Rs 242

• Buying in midcap IT stocks
• The stock trading above all moving averages on daily and half-hour charts

2) Firstsource (Buy)

Target: Rs 50
Stoploss: Rs 47.8

• Buying in midcap IT stocks
• Pullback in stock after three-day fall

3) Aurobindo Pharma (Sell)

Target: Rs 555
Stoploss: Rs 576

• The stock will be excluded from Nifty50 
• Changes will come into force beginning April 2

4) AB Capital (Buy)

Target: Rs 170
Stoploss: Rs 163

• The stock will be included in Nifty Next 50
• Changes will come into force beginning April 2

5) RBL Bank (Buy)

Target: Rs 480
Stoploss: Rs 465

• The stock will be included in Nifty Bank index
• Changes will come into force beginning April 2
• The stock will replace Canara Bank

6) Bajaj Finserv (Buy)

Target: Rs 5070
Stoploss: Rs 4920

• The stock will be included in Nifty50
• Changes will come into force beginning April 2 

7) Titan (Buy)

Target: Rs 840
Stoploss: Rs 816

• The stock will be included in Nifty50 index
• Changes will come into force beginning April 2

8) SAIL (Sell)

Target: Rs 82
Stoploss: Rs 85

• Selling in metal stocks
• Dollar index strengthened; above 90

9) SREI Infra (Sell)

Target: Rs 76
Stoploss: Rs 78.5

• The stock trading below all averages on daily, and half-hour charts
• For last 20 days, it has been below all averages

10) Equitas (Sell)

Target: Rs 135
Stoploss: Rs 142

• The stock trading below all averages on daily, and half-hour charts
• For last 3 days, it has been below all averages
• CLSA Rising interest rates a threat to NBFCs: CLSA

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