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.

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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.)