FAST MONEY: Tata Motors, VIP Industries among top ten hot intraday trading tips

Sensex today: The benchmark indices are expected to open higher on Monday tracking positive trend in Asian markets as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future. At 8:35 am, SGX Nifty was trading at 10,757, up 27 points or 0.25 per cent. 

Stock-specific moves will sway the market as 31 companies are expected to report their Q4 FY18 results. These include Ceat, Container Corp, Dewan Housing Finance, HDFC, Kotak Mahindra Bank, Opto Circuits, Prakash Industries. Investors will also react to Reliance Industries, UPL and Maruti Suzuki numbers. 

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 per cent following a jump of more than 1 percent on Friday. The index is poised to end the month rather flat after two consecutive losses.

South Korea’s KOSPI index gained 0.5 per cent and is set to end April more than 2 per cent higher on record profits from Samsung and after a spectacularly successful inter-Korean summit. Australia’s benchmark index added 0.2 per cent while New Zealand shares were a touch softer.

Liquidity was lacking on Monday with Japan, and China taking a holiday and much of Asia closed on Tuesday.

Overall, stocks continue to be supported by strong first quarter corporate earnings. More than half of Wall Street’s S&P 500 companies have reported and 79.4 percent have beaten consensus estimates.

Here are key intraday trading tips for Monday's trade:

Bombay Dyeing (Buy)

Target: Rs 298
Stoploss: Rs 288
   
Buying continued in textile stocks 
Stock on a buying spree for last two weeks

VIP Industries (Buy)

Target: Rs 412
Stoploss: Rs 398

Stock rallied 26 per cent so far in April
Buying in stock after four-month long selling
VIP Industries promoter DGP Enterprises acquired 14,100 shares on April 23.

Tata Motors (Buy)

Target: Rs 342
Stoploss: Rs 334

Buying in the stock from lower levels
Pullback in stock after three-month

SRF (Buy)

Target: Rs 2410
Stoploss: Rs 2370
 
Stock at highest share price level 
Break-out after 18-month consolidation

Mirza International (Buy)

Target: Rs 145
Stoploss: Rs 137

Buying expected in leather stocks 
Buying in stock for last 5 weeks

Visaka Industries (Buy)

Target: Rs 800
Stoploss: Rs 765

Long-term trend positive on charts
Volumes heavier than two-week average on Friday
FIIs hold 6.3% stake in the company

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Exide Industries (Buy)

Target: Rs 254
Stoploss: Rs 246 

Buying in stock for second month
OI jumped 3.8 per cent on first day on series

Astec Life (Buy)

Target: Rs 702
Stoploss: Rs 670

Bying in stock last week
Stock trading near its all-time high level

SREI Infra (Buy)

Target: Rs 96
Stoploss: Rs 91 

Q4 income increased 6.7% to Rs 1393 Cr (YoY)
Q4 profit up 86.5% to Rs 62.7 Cr (YoY)

Thyrocare (Buy)

Target: Rs 685
Stoploss: Rs 660

Q4 income jumped 10.9% to Rs 96.6 Cr (YoY)
Q4 profit up 63% to Rs 25.1Cr (YoY)

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