The domestic market is expected to kick off the March series on a positive note, tracking positive trend in Asian markets, which rebounded as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year.
At 8:25 am, the SGX Nifty, an early indicator of Nifty50's trend in India, was trading at 10,403, up 17.50 points or 0.17 per cent.
Below are the key intraday tips:
1) PNB (SELL)
Target: Rs 110
Stoploss: Rs 116
CMP: 114.65
- Data leak of 10,000 credit and debit card customers
- Asia Times, Hong Kong-based newspaper reported the news
2) INDIABULLS REAL ESTATE (BUY)
Target: Rs 227
Stoploss: Rs 218
CMP: Rs 220.85
- UBS Principal bought shares worth Rs 1.61 crore
- Bought 3.4 per cent stake for Rs 211 per share
- Orient Global sold 1.6 lakh shares
3) HOV SERVICES (BUY)
Target: Rs 278
Stoploss: Rs 270
CMP: Rs 272.80
- Momentum in mid and small IT shares
- The stock settled at day's high
4) UNICHEM LAB (BUY)
Target: Rs 342
Stoploss: Rs 332
CMP: Rs 334.55
- Momentum in mid and small pharma stocks
- Robust Q3 numbers, improved delivery volumes
5) GSNUS PAPER (BUY)
Target: Rs 14.65
Stoploss: Rs 13.80
CMP: Rs 13.95
- Company entered into two non-binding MOUs for setting up Kraft Paper manufacturing plants
- MOUs made with with Government of Maharashtra and Uttar Pradesh
- To invest Rs 1050 in Maharashtra plant
- to invest Rs 600 crore in Uttar Pradesh
6) DATAMATICS GLOBAL (BUY)
- Momentum in mid and small IT stocks
- Crossed 100-DEMA, trades near 50-DEMA
7) GSFC (SELL)
- The stock is below all moving averages on daily chart
- Profit-booking for last five sessions
8) SIEMENS (SELL)
Target: Rs 1150
Stoploss: Rs 1200
CMP: Rs 1190
- Sell-off for last two days
- The stock may fall below its recent low of Rs 1,140
(The stocks mentioned here for informational purpose. Consult your financial advisor before investing.)
09:03 AM IST