Trading tips for today: Five stocks to watch out !

Taking cue from the strong global sentiment, the BSE Sensex on Monday registered more than 150 points and this rise was mainly due to the banking stocks. In fact at one point of time the BSE sensitve index was above 36,000 levels but due to slide in the metal stocks, this rise couldn't last for long and finally the Sensex slipped below the psychological 36,000 levels and finally closed at 35,850.16 mark. After consultation with market researchers and observers it has been found that banking, nbfc and metal stocks are going to take lead in today's trade too.

Here are the five stocks and suggested trade tips from the researchers for the market investors:

1] ICICI Bank

Though the stock is already near its highest point, it is expected to gain around 10 percent from its current levels in short-term perspective. Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal told Zee Business Digital, "On Tuesday, traders can buy the ICICI Bank stock at around 365-368 taking stop loss at 360. Traders can take this position for immedeate 375 target and 381 for next target." Commenting upon the stock behaviour Kunal Saragoi, CEO, Equity Rush told Zee Business Digital, "Though the ICICI stock is near to its all time high levels, in short-term perspective, traders can maintain this position for near 10 percent rise in this stock."

2] Axis Bank

The Axis bank strip is expected to go up by near 4 percent said Chandan Taparia of Motilal Oswal citing, "Traders can buy Axis bank stock in current levels taking stop loss at 625 and remain in this position till it reaches 652 levels."

3] HDFC Bank

HDFC stock has remained range-bound in last few months but due to rise in banking stocks, market experts are bullish on the strip for today. Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal told Zee Business Digital, "Traders can buy HDFC bank stock at around 2100 levels taking stop loss at 2080 and book profit at around 2160 levels."

4] Hindalco

Due to bear run in the metal stock, market experts are advising short position in the metal stock. Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal told Zee Business Digital, "Daily jobbers can take short position at around 200 with stop loss ar 215 and book profit accordingly."

5] Tata Steel

Like any other metal stock, market experts are expecting Tata Steel stock to behave bearish today. Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal told Zee Business Digital, "Jobbers can take short position in the stock at and around Monday close levels with stop loss at 500 and book profit at 465 levels."