Trading Calls: Buy Muthoot Finance, Cipla; Sell Vedanta, Say Experts

Indian markets are likely to see a muted opening today with SGX Nifty trading flat. T

Trading Calls: Buy Muthoot Finance, Cipla; Sell Vedanta, Say Experts

Aditya Agarwal, Ruchit Jain and Lovelesh Sharma share their trading/short-term picks

Indian markets struggled in early trade today but Nifty managed to hold the crucial 9,600 levels. Despite Nifty and Sensex trading flat, there was action aplenty in broader markets. The midcap and smallcap indices saw strong gains. The Asian stocks were mostly lower today following a subdued lead from Wall Street, while the dollar pulled up from near two-week lows and sterling languished under the weight of political fears one week before Britain's election. MSCI's broadest index of Asia-Pacific shares outside Japan  dipped 0.2 per cent and looked set for its fifth straight session of losses as investors took profits after stocks hit a two-year high last week and as economic and geopolitical concerns continued to weigh on sentiment. 

Here are some trading picks from experts:

Imtiyaz Qureshi of Investeria Financial Services
Buy Wipro (for 2-3 days) with target of Rs 551 and stop-loss of Rs 529
Buy Can Fin Homes (for 2-3 days) with a target of Rs 2,903 and stop loss of Rs 2,704

Aditya Agarwal of Way2Wealth
Sell Vedanta Limited around Rs 239 with target of Rs 232 and stop-loss of Rs 243
Buy Divis Laboratories around Rs 585 with target of Rs 604 and stop-loss of Rs 574
Buy Jain Irrigation around Rs 100 with target of Rs 108 and stop-loss of Rs 98

Ruchit Jain of Angel Broking
Buy Bank Of Baroda with target of Rs 191 ((1-2 weeks) and stop-loss of Rs 172
Buy Muthoot Finance with target of Rs 444 (2 weeks) and stop-loss of Rs 394

Lovelesh Sharma of Epic Research 
Buy Bharat Forge around Rs 1,173 with target of Rs 1,210-1,245 and stop-loss of Rs 1,150.
Buy Cipla around Rs 518 with target of Rs 536-545 and stop-loss of Rs 507

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