FAST MONEY: YES Bank, CG Power among top intraday trading ideas

The Sensex and Nifty are expected to open flat on Monday after Asian markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls. Technology and energy shares led Japan's Nikkei down 0.4 per cent in early trade, while tech also featured in South Korea's 0.2 per cent decline. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03 per cent.

Here are top intraday trading ideas:

CG Power  

Target: Rs 70 
Stoploss: Rs 61 

The company may report profit worth Rs 63 crore vs losses in the previous quarter
To receive Rs 300 crore by selling Hungary business; debt will reduce by 15%

Syndicate Bank

Target: Rs 48 
Stoploss: Rs 41.5 

The bank is planning to collect Rs 7840 crore
PSBs have been reporting positive Q1 earnings; sentiment to boost stock

Apollo Hospital 

Target: Rs 955 
Stoploss: Rs 925  

Annual profit to jump six times to cross Rs 50 crore
Margin to improve 1.6% in Q1

Welspun India  

Target: Rs 62 
Stoploss: Rs 55 

0.5% shares exchanged hands in last hour of trade
The stock is trading above all moving averages; 40% cash delivery

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YES Bank

Target: Rs 385
Stoploss: Rs 365

The stock halted losses post Q1 results; short-covering seen
The stock closed above all moving averages

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