Traders Diary on 20 stocks: Buy, Sell or Hold strategy on Infosys, Hindalco, Patanjali, Bajaj Consumer, ICICI Bank, Tata Motors, ONGC, SBI Life, HDFC and others

Share Market Updates Today, December 6: Indian stock market is expected to open on a lower note today, December 6, tracking weak global cues. Asian markets were down in early deals as US markets ended Monday's session lower following better-than-expected data from the services sector spooked investors about the rate hike by the Federal Reserve. While Japan traded higher 0.13 per cent, South Korea's Kospi and China's Shanghai Composite declined nearly 0.50 per cent and 0.40 per cent, respectively. Hong Kong's Hang Seng index also slipped 1.13 per cent. SGX Nifty, an early indicator of sentiment on the NSE Nifty50, was down by over 54 points, or 0.29 per cent, at 18,755, at 8:15 AM.

Overnight, Wall Street settled on a lower note. Dow Jones Industrial Average fell 482.78 points, or 1.4 per cent, to close at 33,947.1, the S&P 500 lost 72.86 points, or 1.79 per cent, to end at 3,998.84, and the Nasdaq Composite dropped 221.56 points, or 1.93 per cent, to finish on 11,239.94.

Earlier on Monday, benchmark BSE Sensex fell for the second straight session in a volatile trade due to profit taking in oil, IT and auto stocks ahead of the RBI policy announcement on December 7. The 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. During the day, it fell 360.62 points or 0.57 per cent to 62,507.88. The broader NSE Nifty eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05. Foreign Institutional Investors (FIIs) turned net seller on Monday as they sold shares worth Rs 1,139.07 crore, as per exchange data.

Auto major Tata Motors considering to hike prices for passenger vehicles from next month - here's why? 

Arman Nahar's Recommendations

CASH

AHLUWALIA CONTRACTS: BUY, TARGET Rs 447, STOP LOSS Rs 432

FUTURES

HINDALCO: SELL, TARGET Rs 467, STOP LOSS 488

OPTIONS

INFOSYS: 1640 PE @ 29.60, TARGET 38.6, STOP LOSS 26.6

TECHNO

PITTI ENGINEERING: BUY, TARGET Rs 347, STOP LOSS Rs 336.6

FUNDA

PATANJALI FOODS: BUY, TARGET Rs 1560, DURATION 12 MONTHS

INVESTMENT

ANAND RATHI WEALTH: BUY, TARGET Rs 840, DURATION 12 MONTHS

NEWS

BAJAJ CONSUMER: BUY, TARGET Rs 179, STOP LOSS Rs 173.2

MY CHOICE

CE INFO SYSTEMS: BUY, TARGET Rs 1400, DURATION 12 MONTHS

JSW ENERGY: BUY, TARGET Rs 335, DURATION 3 MONTHS

DREAMFOLKS SERVICES: BUY, TARGET Rs 381, STOP LOSS 370

BEST PICK

BAJAJ CONSUMER: BUY, TARGET Rs 179, STOP LOSS Rs 173.2

Kushal's Recommendations

CASH

NATCO PHARMA: BUY, TARGET Rs 600, STOP LOSS Rs 570

FUTURES

NALCO FUT: SELL, Rs 78, STOP LOSS Rs 83

OPTIONS

ICICI BANK: 930 PE @13.6, BUY 25, STOP LOSS 10

TECHNO

CHAMBAL FERTILISER: BUY, TARGET Rs 322, STOP LOSS Rs 306

FUNDA

TATA MOTORS: BUY, TARGET Rs 510, DURATION 12 MONTHS

INVESTMENT

TATA CONSUMER: BUY, TARGET Rs 950, DURATION 12 MONTHS

NEWS

ONGC FUT: SELL, TARGET Rs 140, STOP LOSS Rs 147

MY CHOICE

HDFC: BUY, TARGET Rs 2850, STOP LOSS Rs 2650

DEEPAK NITRITE: BUY, TARGET Rs 2310, STOP LOSS Rs 2230

SBI LIFE: BUY, TARGET Rs 1320, STOP LOSS Rs 1265

BEST PICK

TATA CONSUMER: BUY, TARGET Rs 950, DURATION 12 MONTHS

Stock Market Today Live: Sensex, Nifty set for sharp fall on weak cues ahead of RBI MPC decision