FAST MONEY: Tata Chemicals, Havells among top ten intraday trading tips for today's trade

The benchmark indices are expected to open higher tracking positive trend in Asian markets and overnight on Wall Street. Back home, investors will stay cautious ahead of the Reserve Bank of India (RBI) policy meeting that will kick off later today. At 8:40 am, SGX Nifty was trading at 10,282, up 6 points or 0.06 per cent. 

RBI is unlikely to yield to the India Incs pressure for a benign monetary policy stance by keeping policy rates unchanged in its first monetary policy review of 2018-19 to be announced on Thursday against the backdrop of hardening global crude oil prices. This would also be the first monetary policy announcement after the Budget, which has slightly deviated from the fiscal consolidation roadmap. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5.

On Tuesday, despite volatility in the global markets, the Sensex and Nifty closed Tuesday's rangebound trade session with appreciable gains led by healthy buying in banking, auto, oil and gas, and healthcare stocks. The Sensex ended at 33,370, up 115.27 points, while the broader Nifty50 settled at 10,245, up 33.20 points. 

Meanwhile, foreign institutional investors sold equities worth Rs 376.51 crore, while domestic institutional investors bought equities worth Rs 479.18 crore.

Here are key trading ideas for today's trade:

1- (BUY) TATA CHEMICALS

Target: Rs 736
Stoploss: Rs 707 
CMP: Rs 715

Skymet will release Monsoon 2018 forecast
Fresh buying in futures trade; OI up 7%

2- (BUY) RALLIS INDIA 

Target: Rs 236
Stoploss: Rs 228 
CMP: Rs 230.60

Skymet will release Monsoon 2018 forecast
Agri stocks to remain infocus, buying with 60% delivery volume

3- (SELL) HAVELLS 

Target: Rs 490
Stoploss: Rs 510 
CMP: Rs 506.90

The stock remained weak amid pullback in broader market
Negative cues from technical charts and F&O trade

4- (BUY) PANACEA BIOTEC 

Target: Rs 300
Stoploss: Rs 292 
CMP: Rs 394.70

The stock recovered after three-day fall
The stock is trading above all moving averages on daily chart

5 - (BUY) NFL 

Target: Rs 60
Stoploss: Rs 57 
CMP: Rs 57.70

Fertiliser stocks in focus on Monsoon trigger
Buying with 50% delivery volume 

6 - (BUY) INDIABULLS HOUSING 

Target: Rs 1340
Stoploss: Rs 1290 
CMP: Rs 1301

Breakout on daily chart with heavy volumes
Sell calls reduced in futures trade 

7 - (SELL) APOLLO HOSPITALS 

Target: Rs 1050
Stoploss: Rs 1100 
CMP: Rs 1088

Profit-booking possible after four-day rally
Buy calls reduced; Rs 1120 strong resistance zone

8- (BUY) JK Tyre 

Target: Rs 166
Stoploss: Rs 159 
CMP: Rs 160.8

Domestic rubber prices slipped 17% since July 2017
International rubber prices also falling since last week

9- (BUY) AKZO NOBLE 

Target: Rs 1855
Stoploss: Rs 1785 
CMP: Rs 1801.5

Board meeting on April 6
Buyback possible 

10 - (BUY) DEEPAK NITRITE 

Target: Rs 266
Stoploss: Rs 258 
CMP: Rs 260

Agri stocks to remain in focus
Rally expected after 10-day consolidation

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