Fortis Health, Rolta among key trading calls for Tuesday's trade

The domestic market is expected to open lower on Tuesday, tracking negative trend in Asian markets, which stalled their recent recovery after European equities broke a winning streak, while the dollar edged up to pull further away from three-year lows.

At 8:20 am, SGX Nifty was trading at 10,376.50, up 29 points or 0.28 per cent. 

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Below are the key trading ideas for today's trade:

1) Fortis Health (Buy)

Target: Rs 152
Stoploss: Rs 146

• RK Damani bought nearly 26.58 lakh shares (0.5 per cent stake) of the company at Rs 144.5
• Futures price surged 7.3 per cent; OI slipped by 10 per cent

2) Rolta (Buy)

Target: Rs 74
Stoploss: Rs 70.5

• Recovery witnessed in last half an hour of session
• Stock trading above all averages on its half-hour, daily charts

3) SPARC (Buy)

Target: Rs 450
Stoploss: Rs 437

• Pullback in the stock after two-day fall
• The stock closed at day's high in previous session

4) Gayatri Projects (Buy)

Target: Rs 221
Stoploss: Rs 214

• The company to re-structure energy business
• Recovery in last hour of the session
• The stock trading above its all key averages on half-hour chart

5) ITI (Buy)

Target: Rs 130
Stoploss: Rs 123

• Cabinet approval expected in March for releif package
• TRAI requested to repeal ceiling on spectrum
• Support at 20-DEMA

6) Wockhardt (Sell)

Target: Rs 760
Stoploss: Rs 784

• CARE reduces non-convertible debentures (NCD) rating to AA- from A+
• The stock ended below 100-DEMA in the previous session, extending losses for third session

7) PNB (Sell)

Target: Rs 110
Stoploss: Rs 117

• Recovery improbable in the stock unlike other PSBs
• PNB closed all options to recover dues by going public: Nirav Modi in letter to bank

8) Mahindra CIE (Buy)
Target: Rs 231
Stoploss: Rs 223

• Pullback continued since the stock hit Rs 200 level
• The stock closed above 20-day moving average in previous session

9. HEG (Buy)

Target: Rs 2870
Stoploss: Rs 2790

• Pullback witnessed in previous session after three-day fall
• Recovery seen in last half an hour
• The stock is trading above its all averages on half-hour chart

10) MTNL (Buy)

Target: Rs 24.2
Stoploss: Rs 22.5

• Cabinet could decide on telecom relief package in March 
• TRAI recommended last month to remove the ceiling on spectrum held by mobile operators 
• Extension of time period to 16 years from 10 years for the payment of spectrum 
   

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