FAST MONEY: Tata Steel, Jet Airways among key intraday trading ideas

Asian markets crept higher following favourable US jobs data that suggests US Federal Reserve can stay gradual on hikes, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.

The Sensex and Nifty are expected to open higher on Monday tracking positive trend seen in Asian markets, which crept higher following favourable US jobs data that suggests US Federal Reserve can stay gradual on hikes, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.

At 7:55 am, SGX Nifty was trading at 10,836.50, up 70.50 points or 0.65 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, on top of 0.7 percent rally on Friday when the launch of U.S. tariffs on Chinese imports came and went without too many fireworks.

Here are top intraday trading tips:

Tata Steel (Buy)

Target: Rs 562
Stoploss: Rs 549

Sales rose 8% in Q1 (YoY)
The company's production gained 7.8% in Q1 (YoY)

Bharat Forge (Buy)

Target: Rs 645
Stoploss: Rs 628

Deutsche Bank has a buy rating on the stock

Target Rs 830: DB

Tata Chemicals (Buy)

Target: Rs 715
Stoploss: Rs 697

The stock gained after recent fall
Short-covering pulled stock higher on Friday

Jet Airways (Buy)