FAST MONEY: TCS, BPCL among key intraday trading ideas

The Sensex and Nifty are expected to open lower on Monday tracking Asian markets, which retreated after US President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

At 8:00 am, SGX Nifty was trading at 10,779, down 47 points or 0.43 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2 per cent in early trade, near its lowest level since May 31. Financial markets in China and Hong Kong will be closed on Monday for Dragon Boat festival holiday.

Japan's Nikkei slid 0.7 per cent as fears of growing protectionism overshadowed stronger-than-expected export data. US e-mini S&P futures fell 0.4 per cent in early trade.

Here are key intraday trading tips:

Nilkamal (Buy)

Target: Rs 1725
Stoploss: Rs 1680

DSP BR Trustee Company on behalf of DSP BR MF and DSP BR Alternative Investment Fund bought stakes.      
The trustee firm bought 45500 shares or 0.31%
Now holding 5.11% vs 4.80% 

Granules India 
Target: Rs 94 
Stoploss: Rs l87 

ONCOLOGY unit will kick off in next three months
Nearly 7 approvals the company may collect in next six months. 

Welspun India

Target: Rs 64 
Stoploss: Rs 56

FIFA approved tower supply contract
Wimbledon will kick off from July

WATCH ZEE BUSINESS VIDEO HERE

Sell TCS  

Target: Rs 1820 
Stoploss: Rs 1850 
Buyback trigger; profit-booking advisable
 
Buy BPCL  

Target: Rs 420 
Stoploss: Rs 408 

Crude prices slipped over 2%
80% cash delivery in previous session

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