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Trading Calls: Buy Axiscades Engineering, Vedanta, Says Expert

The stock markets are likely to start Tuesday's session on a flat note.

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Trading Calls: Buy Axiscades Engineering, Vedanta, Says Expert

On Monday, domestic shares reversed earlier losses to end higher

Indian stock markets are likely to start Tuesday's session on a flat note with the SGX Nifty on Singapore Exchange trading 20 points higher at 10,420.50. Equities in the other Asian markets advanced after a record-setting session on Wall Street on bets that US lawmakers would pass a major tax overhaul. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent. Australian shares added 0.4 per cent, South Korea's KOSPI climbed 0.6 per cent and Japan's Nikkei gained 0.2 per cent. Overnight on Wall Street, leading stock indices closed at all-time highs. The Dow Jones Industrial Average rose 140.46 points, or 0.57 per cent, to end at 24,792.2.

On Monday, domestic shares reversed earlier losses to end higher as the Bharatiya Janata Party (BJP) won elections in Gujarat and Himachal Pradesh. The BSE Sensex rose 0.41 per cent to close at 33,601.68, while the NSE Nifty ended 0.54 per cent higher at 10,388.75. The indices had dropped as much as 2.5 per cent each in early trading as initial counting showed a close fight between the BJP and the Congress.

Research analyst Simi Bhaumik shared her trading picks.

Buy Axiscades Engineering Technologies for a target price of Rs 202 with stop loss at Rs 182

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Buy Vedanta for a target price of Rs 318 with stop loss at Rs 304

Disclaimer: Investors are advised to make their own assessment before acting on the information.

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