FAST MONEY: Top buy and sell ideas post Budget 2018

The domestic market extended losses for the fourth straight session on Friday with Nifty slipping below 11,000, tracking negative trend seen in Asian markets, while sentiment remained cautious as investors read into the fine-print of Budget 2018.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices underperformed with both the indices shedding over 1 per cent each.

Below are the to buy and sell ideas for today's trade: 

1) VENKY'S INDIA (BUY)

Target: Rs 2855
Stoploss: Rs 2780
CMP: Rs 2800

Stock trades strong on daily chart 
Trades above 50-DMA

2) J K TYRE (BUY)

Target: 191
Stoploss: Rs 186 
CMP: 187.90

Custom duty on imported truck and bus radials ticked up
Duty revised to 15 per cent from 10 per cent

3) ESCORTS (BUY) 

Target: 890
Stoploss: 865
CMP:871.95 
 
Budget focus on agricultuture
Stock traded strong in Thursday's session

4) UNITED SPIRITS (BUY) 

Target: Rs 3370
Stoploss: Rs 3280 
CMP: Rs 3302.85

Stock consolidated after a steep fall post Q3 numbers 
Pullback expected as it goes above 100-DEMA 

5)  AVANTI FEEDS (BUY) 

Target: Rs 2450
Stoploss: Rs 2375 
CMP: Rs 2400

Budget focus on food-processing business 
Stock shows strong uptrend in volumes and price since August 2017

6) IDEA (SELL) 

Target: Rs 87
Stoploss: Rs 93 
CMP: Rs 91.30

Profit-booking in stock for last one-month
Stock trades below all moveing averages

7) UNION BANK (SELL)  

Target: Rs 128
Stoploss: Rs 134 
CMP: 132.45

Selling continued for last one month
Stock shed over 48% from its high levels 

8) TATA STEEL (SELL)  

Target: Rs 680
Stoploss: Rs 705 
CMP: Rs 696.75

Stock trading weak for last two sessions 

9) TVS MOTORS (SELL)

Target: Rs 650
Stoploss: Rs 680 
CMP: 617.20

Stock slips below 100-DEMA
Stock kept falling for last three sessions

10) Ucal Fuel (Buy)  

Target: Rs 300
Stoploss: Rs 289 
CMP: Rs 291.75

Profit jumped 98 per cent to Rs 11.7 crore (YoY)
EBITDA up 45% to Rs 27.2 crore (YoY)
Margin at 18.2% from 12.7% year ago (YoY)

Disclaimer: Trading calls expressed here are for informational purposes. Readers are advised to check with certified experts before investing.