The S&P BSE Sensex was trading over 200 points higher, while the broader Nifty50 reclaimed its crucial 10,500 level on Monday.
A rally in Asian markets, following higher trend on Dow futures, contributed to the gains. Gains in index heavyweights such as Tata Steel and Sun Pharma also supported the indices.
Below are the top ten trading ideas for today's session:
Navin Fluorine (Buy)
Target: Rs 840
Stoploss: Rs 812
- Stock above all moving averages on 30-min chart
- Stock moved above 20-DEMA on daily chart
Archies (Buy)
Target: Rs 43
Stoploss: Rs 41
- Product demand to surge in February
- Sale of gifts, photo-frame, flowers etc will go up
Intellect Design Arena (Buy)
Target: Rs 210
Stoploss: Rs 200
- Stock trading above key moving averages on daily chart for last four days
- Trading volumes have gone up in last three days
Morepen Lab (Buy)
Target: Rs 41
Stoploss: Rs 38.8
- Stock above break-out
- Momentum on daily chart
SAIL (Buy)
Target: Rs 99
Stoploss: Rs 95
- Buying witnessed in stock for last four days
- SAIL back into profits in Q3
Kiri Industries (Buy)
Target: Rs 572
Stoploss: Rs 557
- Buying witnessed in some of chemical shares
- The stock above 20-DMA and 50-DMA on daily chart
Reliance Industrial Infrastructure (Buy)
Target: Rs 506
Stoploss: Rs 490
- Stock trading above 200-DEMA
- Stock above 20-DEMA, 50-DEMA and 100-DEMA on 30-min chart
Radico Khaitan (Buy)
Target: Rs 360
Stoploss: Rs 348
- Stock above break-out on hourly chart
- Stock above 20-DEMA AND 50-DEMA
Quick Heal (Buy)
Target: Rs 330
Stoploss: Rs 316
- Pullback in stock post hitting Rs 310 support base
- Buying momentum on 30-min chart
Global Vectra (Buy)
Target: Rs 170
Stoploss: Rs 158
- Recovery from lower levels on hourly chart
- Strong support on Rs 150 level
- Brent below $63, down 2.6 per cent; WTI below $59
(Trading calls mentioned here are for informational purpose. Consult your financial advisors before investing.)
11:27 AM IST