FAST MONEY: Wipro, DLF, City Union among ten stocks to make money today

Sensex today: The benchmark indices are expected to trade cautious ahead of the F&O expiry of the April series even as Asian markets rose on Thursday as robust corporate earnings helped Wall Street quell concerns about the surge in US bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies. At 8:30 am, SGX Nifty was trading at 10,572.50, down 20 points or 0.19 per cent. 

MSCI’s broadest index of Asia-Pacific shares outside Japan bounced back from three-week lows plumbed the previous day and gained 0.35 per cent.

South Korea’s KOSPI climbed 1.2 per cent, with tech shares buoyed after Samsung Electronics posted a record quarterly profit. Australian stocks edged up 0.2 per cent and Japan’s Nikkei rose 0.7 per cent. Shanghai bucked the trend and slipped 0.3 per cent.

The Dow rose 0.25 per cent overnight, ending a five-day losing streak, and the S&P 500 gained 0.18 per cent on optimism over a spate of upbeat earnings that managed to offset jitters over rising US bond yields.

On Thursday, the Sensex ended at 34,501 down 115.37 points, while the broader Nifty50 settled at 10,570, down 43.80 points. In the broader market, the BSE Midcap and the BSE Smallcap indices remained little changed. 

Foreign investors sold scrip worth Rs 304.79 crore, while the domestic institutional investors purchased stocks worth Rs 435.98 crore, provisional data with the exchanges showed.  

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

Wipro (Sell)

Target: Rs 278
Stoploss: Rs 289

Q4 earnings remained weak.
Consolidated profit came in at Rs 1800 crore against 2100 crore expectations
Insolvency provisioning for two big clients
EBIT margin came in at 14.4% from 16.7% expectations

M&M Financial (Buy)

Target: Rs 520
Stoploss: Rs 504

NII came in at Rs 1305 crore from Rs 1071 crore
Profit at Rs 425 crore from Rs 342 crore

City Union Bank (Buy)

Target: Rs 190
Stoploss: Rs 184.5

The stock at month's high level

Kitex Garments (Buy)

Target: Rs 250
Stoploss: Rs 242

To invest Rs 200 crore in two new subsidiaries 
95 per cent income via exports 

Vinyl Chemicals (Buy)

Target: Rs 125
Stoploss: Rs 117

Buying in chemical stocks
The stock is trading above all key averages
Ganesh Housing (Buy)

Target: Rs 148

Stoploss: Rs 142
Buying in realty stocks
Buying with heavy volumes at lower levels

DLF (Buy)

Target: Rs 224
Stoploss: Rs 217
Buying in realty stocks
Volumes heavier than two-week average

Future Consumer (Buy)

Target: Rs 63
Stoploss: Rs 60

The stock is trading above all key averages 
Volume heavier than two-week average

Guj Pipavav (Buy)

Target: Rs 146
Stoploss: Rs 140

Macquarie maintained outperform rating 
Target Rs 193: Macquarie

IDFC (Buy)

Target: Rs 55.5
Stoploss: Rs 51.5

AMC, broking units to be sold: Sources 
IndusInd, YES Bank, PE funds may buy MF business
YES Bank willing to buy security assets: Sources
The deal could be fixed at Rs 6000 crore: Sources

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