FAST MONEY: SBI, YES Bank among top intraday trading ideas today

The Sensex and Nifty are expected to open higher on Thursday tracking positive trend in Asian markets, which edged higher, taking comfort from gains on Wall Street after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods.

At 7:50 am, SGX Nifty was trading at 11,161, up 24 points or 0.22 per cent. 

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Australian shares fell 0.4 per cent and Japan's Nikkei stock index was 0.2 per cent lower.

On Wednesday, the Dow Jones Industrial Average rose 0.68 per cent to 25,414.1, the S&P 500 gained 0.91 per cent to 2,846.07 and the Nasdaq Composite added 1.17 per cent to 7,932.24.

But S&P 500 E-mini futures turned lower Thursday morning in Asia, falling 0.2 per cent to 2836.25.

Here are top intraday trading tips:

CG Power 

Target: Rs 65 
Stoploss: Rs 60 

Annual profit may go up by 240%
The stock is under physical delivery series

Nahar Spinning 

Target: Rs 96 
Stoploss: Rs 85 

The company may report Rs 13 crore profit from Rs 20 crore losses earlier
Cotton yarn prices went up 20% in Q1

YES Bank  

Target: Rs 395 
Stoploss: Rs 375 

The company expected to report good profits
Short-covering in July futures
 
Strides Shashun  

Target: Rs 385 
Stoploss: Rs 355  

The company may turn profitable after posting losses in the previous quarter
Annual profit expected to jump by 200%; cash delivery stock

WATCH ZEE BUSINESS VIDEO HERE

SBI 

Target: Rs 278 
Stoploss: Rs 268 

Buying with heavy volumes in the last hour of trade
PSBs expected to report positive results

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