Buy PNB, Sell Sun Pharma, M&M Today: Sanjeev Bhasin

The 50-share Nifty is likely to stay range-bound amid routine profit booking across most Asian markets. Overseas investors continue to be overweight India and fund flows continue to remain robust. The Nifty is likely to be range bound between 8050-8150 for today.

These stocks with a four-five day outlook may do well,

1) Buy Punjab National Bank: 962-967, stop loss 947, target 999

2) Buy Uco Bank: 86-88, stop loss 83, target 97

3) Sell Sun Pharma: 822-828, stop loss 840, target 782

4) Sell M&M: 1365-1372, stop loss 1402, target 1276

Also carry previous pair trades,

1) Buy Bank Nifty futures: 16230-16300, stop loss 16000, target 16750

2) Sell Nifty futures: 8130-8150, stop loss 8250, target 8020.