FAST MONEY: Tourism Finance , Thermax among key intraday money-making ideas

The Sensex and Nifty are expected to open flat on Monday tracking mixed trend in Asian markets on the first trading day of the second half of the year, with trade war worries between the US and its trading partners still a key concern for investors.

At 7:50 am, SGX Nifty was trading at 10,692.50, up 0.50 points or 0.03 per cent.

Overseas, the Nikkei 225 slipped 0.09 per cent as the consumer goods and utilities sectors logged declines. The Shanghai composite slipped 0.31 per cent, while the smaller Shenzhen composite was little changed. The Hong Kong markets were closed on Monday for a holiday.

Meanwhile, Wall Street’s major stock indices edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over U.S. international trade relations ebbed.

The Dow Jones Industrial Average rose 55.36 points, or 0.23 per cent, to 24,271.41, the S&P 500 gained 2.06 points, or 0.08 per cent, to 2,718.37 and the Nasdaq Composite added 6.62 points, or 0.09 per cent, to 7,510.30.

Here are top intraday money-making ideas

TCS (Buy)

Target: Rs 1870
Stoploss: Rs 1840

Tata Consultancy Services confirmed promoters will participate in its buyback 
TCS had said it would buy back over 7.6 crore shares at a price of Rs 2100 each

Tourism Finance (Buy)

Target: Rs 152
Stoploss: Rs 144

Existing investors willing to buy stakes 
Investors have offered buying 26% stake
RBI's approval to the proposal is needed
Redkite Capital, India Opp III Pte, Koppara Sajeeve Thomas are existing investors

Cox & Kings (Buy)

Target: Rs 216
Stoploss: Rs 207

Education business to launch IPO
IPO will be listed in UK.
Baird has been appointed to track the IPO launch process

WATCH ZEE BUSINESS VIDEO HERE

Thermax (Buy)

Target: Rs 1060
Stoploss: Rs 1035

Thermax received an order of Rs 340 crore from a leading Indian steel manufacturer 
The order is for a specially designed boiler, electric turbo generators and ancillary equipment etc

NCC Buy)

Target: Rs 100 
Stoploss: Rs 94 

Short-covering in the stock after steep fall
The company is an LI bidder; it received orders worth Rs 5000 crore

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