FAST MONEY: SBI, Lupin among top 10 buy and sell ideas for Monday's trade

The domestic market are expected to open higher on Monday, tracking Asian markets, which found a semblance of calm as S&P futures extended their bounce, though bond investors were still fretting about the risks from looming US inflation data.

At 8:50 am, SGX Nifty, Nifty futures being traded on Singapore Stock Exchange, was trading at 10,478.50, up 21.50 points or 0.21 per cent.

1) BUY HCL INFOSYSTEMS 

Target: Rs 58.50
Stoploss: Rs 57 
CMP: Rs 57.70

Momentum expected in small and midcap IT companies
Stock trades above all moving averages on daily charts

2) SELL CANARA BANK 

Target: Rs 315
Stoploss: Rs 326 
CMP: Rs 322

Sell-off expected in PSU banks
Momentum witnessed post October fizzling out 

3) BUY PFIZER 

Target: Rs 2375
Stoploss: Rs 2280 
CMP: Rs 2309

Stock recovered sharply in previous session despite weakness in broader market
Stock trading above 40-DMA for last four sessions

4) SELL GLENMARK PHARMA 

Target: Rs 520
Stoploss: Rs 541 
CMP: Rs 536.05

5) SELL STATE BANK OF INDIA 

Target: Rs 280
Stoploss: Rs 300 
CMP: Rs 296.30

Poor Q3 earnings
Stock may test 100-WEMA (Rs 274) on weekly charts 

6) SELL MCX 

Target: Rs 710
Stoploss: Rs 726 
CMP: Rs 721.50

Stock on a selling spree for last three months
Stock is weak on daily, monthly and weekly charts

7) BUY LUPIN

Target: Rs 850
Stoploss: Rs 814 
CMP: Rs 822.15

Regulatory approval from USFDA for ANDA for anti-itch creame

8) BUY CADILA HEALTHCARE 

Target: Rs 422
Stoploss: Rs 408 
CMP: Rs 411.75

USFDA inspection completed on Moraiya facility
No observation issued

9) BUY DREDGING CORP

Target: Rs 730
Stoploss: Rs 700 
CMP: Rs 707.75

Received contracts worth Rs nearly 30.76 crore 
Received contracts in Mumbai for naval

10) SELL PNB 

Target: Rs 152
Stoploss: Rs 159 
CMP: Rs 156.90

PSU bank stocks to remain under pressure post SBI's tepid Q3 earnings

(Stocks mentioned here are for informational purpose. Consult your financial advisors before trading/investing.)